Nasdaq Dubai to create futures on Emaar Development

Dubai:

Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO).

“Investors will be able to trade futures on Emaar Development in order to take a position on the likely movement of the share price, making use of leverage to magnify the financial outcome of their futures trades by several times their initial investment,” Nasdaq Dubai said.

Shuaa Capital will make a market in Emaar Development futures to facilitate liquidity, the bourse said in an emailed statement.

The listing is expected to take place on November 22.