Nasdaq Dubai to launch futures trading from Jan. 15

Nasdaq Dubai will launch trading in futures on the MSCI United Arab Emirates (UAE) equity index on Jan 15, 2019, opening a new route for investors to gain exposure to the performance of UAE companies, a statement said on Wednesday.

The MSCI UAE equity index currently comprises 11 UAE companies that include some of the largest and most liquid ones such DP World, Emaar Properties and First Abu Dhabi Bank.

Also See: Nasdaq Dubai to launch equity futures on 12 Saudi firms in September

By trading the index futures investors can hedge their positions, make use of leverage to magnify the outcome of their trades, and make gains whether the index is rising or falling.

Nasdaq Dubai’s derivatives market opened in 2016 and currently comprises single stock futures on 17 leading 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 is also preparing to launch single stock futures on companies listed on the Saudi Stock Exchange (Tadawul), the statement added.