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Dow Jones Dubai Financial Market to Launch by October

Financial In Market By Staff

The expansion project for the brand in the Arab market foresees the installation of nine stores. According to the manager, yet this year, probably in October, the fourth store will be installed in Dubai, in the United Arab Emirates. The other ones haven't yet a date and place established. "These exclusive stores are part of the continuity process for brand consolidation in the Arab market, " stated Roberto Garcia Neves, manager for the International area at the company.

Oriental Trading (EUNN) London - The Dow Jones Dubai Financial Market (DFM) is set to launch in October, Eisa Kazim, director general of DFM said. With it will come a new benchmark that will help reduce volatility and attract global funds.

A digital network service of CNBC and Dow Jones, CNBC World offers global financial markets in real time, live and worldwide. Combines the resources of CNBC business news from the U.S., day, global business news network.

Financial Forex Forex Software Dubai's stock exchange, the second most active in the Arab world, signed an agreement Friday to launch the Dow Jones DFM Index. The news came at a press conference attended by Kazim and Rushdi Seddiqi, director, Dow Jones Indexes.

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Trading Kazim said the Dow Jones DFM Index will serve as a reference for new investment products such as mutual funds and exchange-traded funds, Gulf News reports.

It is quite interesting to see that on top of everything else, the US stock market is weakening, as the Dow Jones dropped another 400 points, yet on the other hand, we clearly see a USD recuperation, that is slowly shaping into a rally. The Greenback is gaining strength against most majors, USD is now trading at 1.3640, USD is trading at 2.0240 after peaking at an unbelievable level of 2.0600. The main reason for that is that traders are putting their trust in the Greenback once again, as external investment is increasing, and traders are hedging risky funds with the US Currency.

Trading Financial System Dow Jones has already created indices for Egypt, Kuwait and Bahrain as well as the Arab Titans index of the Gulf's top 50 companies.

Streaming, time stocks, futures and options data from major North American and European exchanges A portfolio manager, company research, tickers, alerts, direct access trading Limit and news alerts sent to your email, cell and desktop Streaming, time news services, including Dow Jones and Reuters, so you can act today on news others will only read about tomorrow A scanning tool that combs the entire market in real time to reveal the best trading opportunities

Day Trading Dubai's Dow Jones Index is expected supply stability to the market, having been weighed against other Middle Eastern Dow Jones indices. But it may be that its underlying goal, as far as DFM officials consider, is to attract foreign cash without directly opening its stock market to foreign investors.

Forex Financial Trading The Many in the global investment community see the measure as a first step across the Middle East's stock exchanges in broadening their markets to foreign participation. Islamic law has barred foreignors as well as restricting the types of companies Middle Eastern investors can buy shares in or which those markets can trade.

Fortune Make Option Trading Governments there are concerned with too much foreign influence while at the same time trying to attract foreign investment to expand their economies. Dow Jones' indices are seen as a way to help breach the barriers.

Science Of Financial Market "The kind of investors that we attract now are more the speculative type. This new index will improve investor confidence in the market and help us attract institutions from around the world," Kazim said.

Future Trading The new index will include leading Dubai stocks ranked by free-float market capitalisation, sales revenue and net income. It will be reviewed quarterly and its components, including weights and values, will be unveiled prior to implementation.

Financial Sales Services The new DFM index will also eventually become part of Dow Jones' Asian index and will provide international investors exposure to the DFM.

Commodity Trading The DFM index, which includes all of the market's 35 listed stocks, jumped 172 per cent in 2004, by 132 per cent in 2005 but is down 54 per cent this year. The Dubai market clocked a turnover of $110 billion in 2005, as much as the Singapore stock exchange but twice that in Kuala Lumpur. Its average daily trades of $444 million in the first five months of 2006 has already exceeded last year's average daily trade of $380 million, Gulf News reports.

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