Two elephants also drowned in rapidly rising flood waters in north of popular tourist hotspot Chiang Mai
The value of equities traded on NASDAQ Dubai rose by 65 per cennt in the first five months of 2010 to $667 million, from $404 million in the same period of 2009. However, equities volumes fell by seven per cent to 1.46 billion shares from 1.57 billion.
Measured by percentage change, both the value and volume figures were the best performing of any UAE stock exchange in the five-month period, compared to the same period in 2009.
Traded equities value on NASDAQ Dubai in May fell by 21 per cent, reaching $93 million, compared to $118 million in May 2009. Equities volumes last month were 198 million, 40 per cent lower than the total of 331 million in May 2009. The May 2010 figures were also the best performing of the UAE’s stock exchanges, measured by percentage change from the year before.
Citigroup was the most active member of the exchange by equities volume in the first five months of 2010, followed by Deutsche Bank and then HSBC. EFG Hermes was the most active regional member during the period, followed by Shuaa Capital and then Arqaam Capital.
The FTSE Nasdaq Dubai UAE 20 index ended May 2010 at 1,651, 13 per cent lower than at the end of April 2010 and 11 per cent lower than at the start of the year.
The index tracks 20 stocks listed on Dubai Financial Market, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors. — business@khaleejtimes.com
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