Market value of Dubai stock exchange operator doubles since early November

Shares of the Dubai Financial Market, operator of the Dubai Stock Exchange, added 10% in price on Saturday, and the value of securities since November 1 has increased by 107%.

Market value of Dubai stock exchange operator doubles since early November

How stresses Bloomberg, the company’s capitalization is now about 17 billion dirhams – $ 4.6 billion. The source associates the rapid growth of the operator’s value with the actions of the new leader – Hamed Ahmed Ali. He decided to compete with the Riyadh and Abu Dhabi exchanges.

Under the new chapter, the operator receives billions of dollars in filing bids, although there has been only one listing on the Dubai exchange since 2017.

Nevertheless, as the agency notes, Dubai is still behind Abu Dhabi in terms of trading volume on the stock exchange.

“Sometimes all investors want to see are serious steps in the right direction. It was Dubai that gave them a series of decisions, ”former Dubai Finance Minister Nasser Al-Shaih commented on the growth of Dubai Financial Market.

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Source: RB.RU by

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