Dubai bourses – Dubai Financial Market and Nasdaq Dubai – saw their trading value halved last year due to declining activity in the equity market.
The value of shares traded during 2011 reached Dh32.1 billion compared to Dh69.7 billion during 2010, a decrease of 54 per cent. The number of shares traded decreased by 34.5 per cent to reach 25.2 billion shares during the year, compared to 38.4 billion shares traded during the previous year. The number of transactions executed during 2011 decreased by 44 per cent to reach 444,800, compared to 794,700 deals carried out the previous year.
However, the market capitalisation of Dubai Financial Market also plunged last year due to shrinking trading volume and value.
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