Nasdaq #Dubai expands futures market, launches trading on MSCI #UAE index | ZAWYA MENA Edition

Nasdaq Dubai expands futures market, launches trading on MSCI UAE index | ZAWYA MENA Edition:

Nasdaq Dubai announced the launch of futures trading on the MSCI UAE equity index on Tuesday, in its latest expansion of the futures market.

In a press statement, the exchange explained that the contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies.

Robert Ansari, Executive Director - Head of the Middle East of MSCI, rang the market-opening bell at Nasdaq Dubai MarketSite to celebrate the start of trading. The index comprises 11 companies that are among the largest and most liquid in the UAE including DP World, Emaar Properties and First Abu Dhabi Bank.