File - Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. REUTERS/Stringer
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The two main stock exchanges in the United Arab Emirates are trying to attract market-makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai, suggesting it may have more success.ADX, the Abu Dhabi Securities Exchange, has only one market-maker, National Bank of Abu Dhabi, which in February began offering the service in four stocks: Waha Capital, First Gulf Bank, Abu Dhabi Commercial Bank and Aldar Properties.The Dubai Financial Market, which like the ADX is regulated by the United Arab Emirates Securities and Commodities Authority, currently has no market-makers.The DFM has prepared a list of 17 illiquid stocks in which it would permit market-making.Although its market capitalization is about 15 percent higher than the DFM's, the value of securities traded on Abu Dhabi's bourse last year was 145 billion dirhams ($39.5 billion), far below Dubai's 381.5 billion dirhams.
FOLLOW THIS ARTICLE