The volume of shares traded has fallen by more than half in each of the UAE's three bourses in the past year, a critical lack of liquidity that claimed its latest victim in Axiom Telecom's cancelled share sale.
According to research by The National, the average daily volume of trade on the Dubai Financial Market (DFM) is down 65 per cent in the year to date compared with the same period last year. The Abu Dhabi Securities Exchange and NASDAQ Dubai are each off 52 per cent.
The declines are even more pronounced compared with the markets' boom years of 2005 and 2006.
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