Friday 22 February 2019

GFH share contracts start Nasdaq Dubai trading

MANAMA, January 21, 2018

Bahrain-based GFH Financial Group has announced that the single stock futures contracts on the group’s shares have begun trading on Nasdaq Dubai’s equity futures market.

With this, GFH joins 16 other leading UAE-listed companies whose futures already trade on the Nasdaq Dubai market, said a statement from the company.

These include leading companies listed on the Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM) and Nasdaq Dubai. Among them are Abu Dhabi Commercial Bank, Aldar Properties, Arabtec Holding, DP World, Dubai Islamic Bank, DXB Entertainments, Emaar Properties, Etisalat and Union Properties.

The addition of contracts on GFH’s shares were added to the futures market, which was established in September 2016, as a result of Nasdaq Dubai’s development strategy, which aims to add further depth and breadth to the futures market as it works to provide derivatives trading opportunities in regional assets, it stated.

CEO Hisham Alrayes said: "We are pleased to see GFH’s shares included alongside the UAE’s leading listed companies on Nasdaq Dubai’s equity futures market. Its shares continue to be among the most actively traded on the DFM and GFH is the first non-UAE based company to be listed on Nasdaq Dubai futures market."

"The continued development of the region’s capital markets is a win-win for companies and for our investors who are now being given greater freedom and options to better manage and hedge their exposures," he added.-TradeArabia News Service

Tags: trading | GFH | Share | Nasdaq Dubai |

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