The value of equities traded on Nasdaq Dubai increased by 37 per cent to $97 million (Dh356 million) in November, compared to $71 million during the same period last year, the exchange said on Tuesday.
The increase comes after Nasdaq Dubai outsourced its trading, settlement, clearing and custody functions for equities to Dubai Financial Market (DFM) in July 2010, as part of a strategy to increase trading of its equities by individual investors and merge them in one liquidity pool with institutional investors.
Nasdaq Dubai was the best performing stock exchange in the UAE in November, measured by percentage change of traded value from November 2009, the exchange said.
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