Nasdaq Dubai to launch futures on Adnoc Distribution, Emaar Malls - The National

Nasdaq Dubai to launch futures on Adnoc Distribution, Emaar Malls - The National:

"Nasdaq Dubai will on Wednesday launch futures on Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) and Emaar Malls in a move that will give a boost to the trading of single stock futures and, on the same day, Adnoc Distribution will list on the Abu Dhabi Securities Exchange (ADX).

“With businesses in different industry sectors and listings on different exchanges, Adnoc Distribution and Emaar Malls further diversify the opportunities for investors to hedge or take a position on our equity futures market, including making gains whether the value of the underlying share is falling or rising,” said Hamed Ali, the chief executive of Nasdaq Dubai.

The fuel retailer Adnoc Distribution raised Dh3.1 billion in an initial public offering this month, while Emaar Malls, a unit of Dubai’s biggest listed property developer Emaar Properties, joined the Dubai Financial Market (DFM) in October 2014 after raising Dh5.8bn."



'via Blog this'