Nasdaq Dubai and leading brokerages that trade on its market rang the market-opening bell today to celebrate UAE National Day and the country’s successful development of its capital markets.
Executives from 13 UAE brokerages that trade equities and equity derivatives on exchange took part in the ceremony at the MarketSite event space.
His Excellency Essa Kazim, Governor of the Dubai International Financial Centre (DIFC) and Chairman of Dubai Financial Market, said: “The enthusiasm shown here today by leading brokerages in the UAE as we celebrate National Day reflects the appreciation of the capital markets community for the positive environment created by the country’s leadership for the sector to thrive. Together we look forward to further increasing the opportunities for issuers and investors to prosper and achieve their goals.”
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “It give us great pleasure to gather here with our partners, as the market, celebrating 47 years of achievements. The capital market plays a key and complementary role in realising the UAE’s vision set by our leaders. The UAE market has a number of unprecedented achievements at both regional and international levels, including being home to the only regional central counterparty recognised by the European Securities and Markets Authority (ESMA), and hosting the world’s largest listed Sukuk market.”
Participants in the ceremony included senior executives of ADCB Securities, Al Ramz Capital, Al Safwa Mubasher, Arqaam Capital, Brokerage House Securities, Daman Securities, Deutsche Securities and Services, Emirates NBD Securities, FAB Securities, Integrated Securities, Menacorp, SHUAA Capital and SICO Financial Brokerage.
Ayman Ghoneim, Chief Operating Officer of Al Ramz Capital, said: “We greatly appreciate the stable and supportive environment that currently exists in the UAE for capital market activities, in terms of laws, regulations and commercial opportunities. These conditions have enabled us to seize opportunities that will support