NASDAQ Dubai welcomes the listing of Sharjah Islamic Bank Sukuk during a bell ringing ceremony at DFM

Mohammed Abdulla, Chief Executive of Sharjah Islamic Bank, rang the opening bell at Dubai Financial Market (DFM) to celebrate the listing of a Sukuk issued by Sharjah Islamic Bank (SIB) on NASDAQ Dubai.

 

 

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DFM company shareholders approve Financial Statements for the Fiscal Year 2012

The Dubai Financial Market (DFM) “PJSC” shareholders approved the Balance Sheet and Income Statement for the fiscal year ending December 31st 2012, during the Ordinary Annual General Meeting held on April 16th 2013, and headed by Abdul Jalil Yousuf Darwish, Chairman of the company.

 

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Products & Services Highlight

Stock Portfolio Inquiry Call Service

Directors Desk

The “Stock Portfolio Inquiry Call Service”, is a comprehensive voice portal tailored to meet evolving investor needs and a first of its kind service amongst the region’s financial markets. The new service allows investors the opportunity to instantly track their investment and transaction details of DFM and NASDAQ Dubai listed companies. The launch of this state-of-the-art, free of charge service reflects DFM’s dedication to providing investors with unrivaled services and ongoing commitment to deploy the most effective technological tools to save investors time and effort.

Contact:

Dubai Financial Market
T: +971 4 305 5555
E: customerservice@dfm.ae

Sector Insight: Construction

Khaldoun Rashid Tabari
Khaldoun Rashid Tabari
Vice Chairman and CEO
Drake & Scull International PJSC

DSI: Resiliency in the construction business - Drake & Scull International PJSC

The past few years have been a period marked by tough macro-economic challenges, both globally and within our region, creating many obstacles to our growth plans. However, in the midst of these great challenges, DSI held firm. We remained resilient the good old-fashioned way: by working hard. We kept our sights on the goal and continued to bid for new projects, put proposals together and consolidate our resources and capabilities.

Competition in DSI’s operating area particularly in the Middle East continues to intensify this means our margins, while competitive for the industry are still not where we would like them to be. The strategy adopted at our listing in 2008, of transferring the company into a full service general contractor with strengths in specific areas of infrastructure expertise was continued and is beginning to deliver. In addition to our strong engineering business, we now have 5 clearly defined business units; construction, development, Oil & Gas, Rail and Water and Waste Water in Europe via Passavant Roediger.

The difficult operating conditions served as an impetus to fast track our ability to adapt and create innovative solutions. We were able to streamline our business, enhance management oversight, and strengthen receivable collection. The company was able to take full advantage of opportunities as they emerged, which fuelled our expansion program into new geographical and business areas.

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For more information on Drake & Scull International PJSC, visit http://www.drakescull.com/PJSC

Disclaimer

Indices

Dubai Financial Market

The Dubai Financial Market General Index rose 16.7% to 2135.4 points at the end of April compared to 1829.2 points at the end of March.

 

 

DFM - Index

NASDAQ Dubai

FTSE NASDAQ Dubai UAE 20 index rises 11% in April
The FTSE NASDAQ Dubai UAE 20 index ended April 2013 at 2,454, up 11% from 2,207 at the end of March 2013 and up 35% from 1,820 at the end of 2012.The index tracks stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. The stocks are chosen for high liquidity and openness to foreign investment. Read more about the constituents of the index here.

Brokers Market Share - April 2013

Dubai Financial Market

Members Market Share by Value (%)
Mena Corp Financial Services 8.92
Al Ramz Securities 8.50
NBAD Securities 7.29
Emirates NBD Securities 7.00
EFG-Hermes Brokerage 5.98
Arqaam Securities 5.29
Abu Dhabi Islamic Securities 5.12
Direct Broker for Financial Services 4.75
Daman Securities Center 4.12
Emirates Islamic Financial Brokerage 3.93

NASDAQ Dubai

Members Market Share by Value (%)
Arqaam Securities 39.22
EFG-Hermes Brokerage 37.44
Deutsche Bank 14.56
Emirates NBD Securities 2.49
MENA Corp Financial Services 2.24
Direct Broker for Financial Services 1.09
Mashreq Securities 0.86
National Bank of Abu Dhabi 0.86
Union Brokerage 0.67
Al Dhabi Brokerage 0.37

Emirates NBD Securities is Retail Broker of the Month on NASDAQ Dubai

The winner of NASDAQ Dubai's Retail Broker of the Month Award for April 2013 was Emirates NBD Securities. The value of retail trades handled by Emirates NBD Securities was 1,790,493 dollars, amounting to 46.24% of the total value of retail trades handled by all Members of the exchange during the month.

The Award is designed to give recognition to the Member that is the most active in trading on behalf of its retail clients on a monthly basis.




Dubai is the largest listing venue for Sukuk and bonds in the Middle East with a total value of 21.19 billion USD

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