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Nasdaq Dubai to launch MSCI UAE futures trading from mid-January

Nasdaq Dubai to launch MSCI UAE futures trading from mid-January

The benchmark index currently comprises 11 UAE companies including some of the largest ones

Nasdaq Dubai will launch futures trading on the MSCI United Arab Emirates equity index from mid-January, providing investors a new avenue to gain exposure to companies in the United Arab Emirates (UAE).

The benchmark index currently comprises 11 UAE companies including some of the largest ones.

Read: MSCI Includes Nine UAE Stocks, 10 Qatari Stocks In Emerging Markets Index

It will encourage further participation from investors including regional and international funds seeking to increase their exposure to the UAE’s investment landscape, Hamed Ali, chief executive of Nasdaq Dubai said in a statement.

Read: Nasdaq Dubai to launch futures trading of 12 Saudi firms from September

Nasdaq Dubai’s derivates market opened in 2016 and currently comprises stock futures on 17 top UAE listed companies as well as futures on Dubai Financial Market’s DFMGI share index and the ADI index of Abu Dhabi Securities Exchange.

Nasdaq Dubai also plans to launch single stock futures on companies listed on the Saudi Stock Exchange (Tadawul), the statement said.

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