NASDAQ posts H1 equity value increase

The value of equities traded on NASDAQ Dubai in the first six months of 2010 increased 52 per cent compared to last year, the latest trading update has revealed.

The latest report shows the value of traded equities totalled US$728m for the first six months of the year, up from US$479m during the same period last year.

Meanwhile, equities volumes fell by 10 per cent to 1.58 billion shares in the first half of 2010, compared to 1.75 billion during the same period last year.

Traded equities value in June this year also dropped 19 per cent year-on-year to US$61m, compared to US$75m in June last year, and equities volumes last month dropped 35 per cent to 123 million, compared to 189 million in June 2009.

Citigroup was the most active member of the exchange by equities volume in the first six months of 2010, followed by Deutsche Bank and then HSBC. EFG Hermes was the most active regional member during the period, followed by Arqaam Capital and then Shuaa Capital.