Sample Essay

The UAE stock market consists of three major stock markets which includes Dubai Stock Market, Abu Dhabi Stock Market (ADSM) and Dubai International Financial Exchange (DIFX). The Dubai stock market is a stock exchange obviously in Dubai, UAE and the stock market is particularly young since it was inaugurated in March 2000.

The companies registered in the Dubai stock exchange are also situated in UAE but some are also fromArabian Gulf countries and some of the foreign companies have floated their shares in the market as well. The Dubai market is owned by Dubai Bourse and the stocks were rising constantly during 2004 and 2005 plus the number of shares being traded increased over time as well but during the end of 2005 with the financial meltdown the stock prices fell considerably and this drop was suffered by all three markets in UAE. Since the drop affected the overall UAE marked adversely the Dubai stock market began to get competitive with theUS share market called NASDAQ and the major aim of the Dubai market was to increase the efficiency and also ensure transparent, fair and a liquid marketplace where all resources are utilized effectively. The Dubai stock market came up with an independent commercial body and this is a secondary market which provides the investors with an opportunity to invest in securities in order to boost economical status.  The most active by value and volume at Nasdaq Dubai Stock Exchange are illustrated in the figure below. Nasdaq Dubai is a 20 index stock exchange that was inaugurated recently (Share Wadi, 2009).

Most Active by Volume

Name

Total Volume

Change

Change %

Current Price

Equities
DP World

1,152,779

-0.025 USD

-6.94

0.335 USD

DEPA Limited

50,000

0.000 USD

0.00

0.600 USD

 

Most Active by Value

Name

Total Value

Change

Change %

Current Price

Equities
DP World 399,048 USD -0.025 USD -6.94 0.335 USD
DEPA Limited 30,000 USD 0.000 USD 0.00 0.600 USD

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Essay: Characteristics of UAE Stock Exchange
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