UAE Financial Markets¶
- Comparatively new
- Doesn’t have that ‘depth’?
- What does that mean?
Money market is very small in UAE
The Royal family of Abu Dhabi- Al Nahyan family— is known as the richest family in the world
- Central Bank: CBUAE
- SCA: Securities & Commodities Authority
UAE Stock Markets¶
- DFM: Dubai Financial Market
- ADX: Abu Dhabi Security Exchange
- NASDAQ Dubai
Trading Time
- Monday-Friday
- 9:30-3:00
| DFM | ADX | NASDAQ Dubai | |
|---|---|---|---|
| Founded | 2000-Mar-26 | 2000-Nov-15 | 2005-Sep-05 |
| Market Cap | AED 582 B | AED 2.85 T | |
| Owned | Govt of Dubai till 2006 | Govt of Abu Dhabi | |
| 20% shares sold to public | |||
| Equities Sukuk Bonds Funds ETFs REIT | Equities Debt Instruments Derivatives ETFs | ||
| Settlement | T+2 | T+2 |
Market Indices¶
DFMGI
Dubai Financial Market General Index (30 DFM-listed equities)
Secondary listed companies have a free float adjusted market cap > AED 5 B
| DFMGI | ADX General | |
|---|---|---|
| Weightage | Modified capitalization-weighted index (maximum cap of 20%) | Capitalization-weighted |
| Base Date | 2003-12-31 | |
| Base Currency | AED 1000 | AED 1000 |
| New listing are added |
How to invest in UAE Markets¶
- Open trading account with licensed broker
- Apply for National Investor Number with SCA
- Perform trading
IDK¶
- Full-service
- Discount-service
IDK¶
- Onboarding fees
- Commissions: Borker chanrges + Market charges + VAT
Tabadul¶
Mutual market access model
Enables trading between member exchanges
- Abu Dhabi
- Bahrain
- Muscat
Traded in local currency of the exchange
Service providers