Nasdaq Dubai launches Abu Dhabi, Dubai equity index futures

Abu Dhabi

IN a move that could attract fresh money to the United Arab Emirates' (UAE) equity markets, the Nasdaq Dubai exchange launched futures contracts on Sunday covering the main indexes of the country's two main stock markets in Abu Dhabi and Dubai.

The futures provide exposure to the General Index of the Abu Dhabi Securities Exchange and the equivalent index at Dubai Financial Market, giving investors new opportunities to hedge.