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Dual-listed stocks find favour on DFM, ADX

The dual-listed names provides investors with much better liquidity with a similar set of investor base

Gulf News

Dubai: Amid dwindling volumes, dual-listed stocks on the Dubai Financial Market and the Abu Dhabi Securities Exchange have been gaining favour.

Bahrain-listed Gulf Finance House, Khaleeji Commercial Bank shares, Al Salam Bank, Ithmaar Holding and Kuwait-listed Aan Digital, Ettikab, and Al Madina have been witnessing higher volumes and often find place in the most active stocks on the DFM and ADX.

On Sunday, Gulf Finance House was the most-active stock in trade, and traded value stood at Dh21 million, or 16 per cent of the total value, while Ithmaar’s traded value stood at Dh1 million.

“Because of dual listing there is a better liquidity in these stocks, so they get re-rated by fund managers. Plus the discounts are also getting addressed,” said an analyst with a brokerage who did not wish to be named.

The dual-listed stocks provide investors with much better liquidity with a similar set of investor base, the analyst added.

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