Sunday 22 October 2017

Dubai to introduce stock index futures, short-selling on the way

Dubai to introduce stock index futures, short-selling on the way:

"Nasdaq Dubai will introduce trade in futures contracts based on the main DFMGI equities index of Dubai’s other stock market, Dubai Financial Market , the two exchanges said on Sunday. With the exception of Kuwait, Gulf countries have been slow to introduce equity derivatives, fearing they could destabilise markets. But as low oil prices drain liquidity from the region, several bourses plan derivatives trade to attract fresh money. Trade in DFMGI futures by institutional investors is expected to begin later this year with the support of leading United Arab Emirates brokers, the two Dubai exchanges said."



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