Dubai: Menacorp has been ranked number one on Nasdaq Dubai’s Equity Futures market for the first quarter of the year, with more than 64.17 per cent share in terms of trading volume.
This achievement confirms Menacorp’s previous rankings as the company topped the Nasdaq Dubai’s Equity Futures market for the full year 2016 (year of inception of this new market) but also the Dubai Financial Market for 2013, 2014, 2015 and 2016 where Menacorp surpassed 49 competitors, the broker said in a statement.
“It is very satisfying to know that investors have confidence in Menacorp and chose our firm to trade on Nasdaq Dubai Equity Futures. Having more than a half of all Nasdaq Dubai Equity Futures transactions going through our company reinforces our strategy of providing a one-stop-shop for investors trading not only in the UAE but also across the Mena region and the global markets,” Racha Alkhawaja, Head of Institutional Coverage, Menacorp.
Hedge positions
Menacorp is the only UAE-based financial services to offer access to all UAE markets, including DFM, Abu Dhabi Securities Exchange (ADX), Nasdaq Dubai, and Dubai Gold and Commodities Exchange.
Nasdaq Dubai’s Equity Futures market allows trading of Single Stock Futures on the shares of nine of the UAE’s leading liquid companies: Emaar Properties, DXB Entertainments, Abu Dhabi Commercial Bank, Aldar Properties, Arabtec Holding, DP World, Dubai Islamic Bank, Etisalat, and Union Properties. It provides a unique opportunity for regional and international investors to profit from market movements and hedge their positions. The market opened in 2016 behind Nasdaq Dubai’s collaboration with various capital market participants.
