Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE indices expand 436% year-to-date  Join our daily free Newsletter

MENAFN - Khaleej Times - 28/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The uae?s stock markets are flooded with liquidity as total trade has multiplied 436 per cent in the year-to-date period compared to last year says abdullah al turifi chief executive officer of securities and commodities authority or sca.

opening the sixth annual conference on “global standards – the pathway to deep and liquid markets” in dubai he said: “this significant improvement in the level of liquidity came as a result of the application of new regulations including the regulation for margin trading with 20 brokerage companies having been licenced to practice margin trading activities according to statistics; the regulation for liquidity provider and regulation for securities lending and borrowing which were part of a package of regulations attached to the market maker regulation that was issued in 2012.”

the sca’s adoption of international standards has positive results on market liquidity transparency and in-depth. on liquidity he said uae financial markets currently boast of a good level.

this was the reason uae financial markets got an emerging market status from frontier’by heavyweights such as the ftse and the standard & poor’s dow jones indexes and by the morgan stanley capital international index.

on market transparency al turifi said that the rate of disclosure of corporate governance reports stands at 98 per cent while the rate stands at 99 per cent regarding the disclosure of annual financial statement announced by local financial markets. he said that 96 out of a total of 120 companies listed on uae markets have so far implemented the xbrl in response to sca’s decision.

al turifi said that the advanced and modern system of operation applied by the sca and local markets has led to sustainable development of the market and its trading mechanisms and to significant rise in the financial instruments available to investors.

“it is no more limited to stocks but exceeds that to include mutual funds and exchange-traded funds” he said. the sca has also recently paved the way for the issuance of many regulations. it is expected that those regulations would give birth to new financial tools like subscriptions rights and covered warrants sukuks and bonds.

the years ahead will witness the issuance of other regulations which would give birth to more new tools like the gdr and swap which would attract investments to further expand the base of investors and add to uae market in-depth and diversity al turifi said.


 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

more...


 






Google

Taqs

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help