Mubasher: Nasdaq Dubai announced that it will launch single stock futures on GFH Financial Group (GFH) starting from 16 January 2018.

This step comes to enable investors to take positions on movements in the share price of GFH, according to a recent statement.

GFH is the first non-UAE company on which Nasdaq Dubai is offering futures.

It is noteworthy that GFH has a secondary listing on the Dubai Financial Market (DFM), on which its shares were the most heavily traded by value of any company in 2017.

“The addition of GFH is the latest expansion of Nasdaq Dubai’s derivatives market, bringing to 17 the number of UAE-listed companies on which single stock futures can be traded,” the statement added.

SHUAA Capital will provide market-making services on GFH to facilitate liquidity.

“The addition of GFH to our market is the first step in an expansion that will include futures on more companies based in the GCC and elsewhere outside the UAE as the platform develops,” chief executive of Nasdaq Dubai Hamed Ali said.