Scope Markets Launches Two UAE Equity Indices for Global Investors

Scope Markets Launches Two UAE Equity Indices for Global Investors

Scope Markets has introduced two new equity indices, AD15 and DXBI, allowing global investors to access the stock markets of Dubai and Abu Dhabi with ease. These new indices provide a simplified way for traders to benefit from the growth of the UAE’s regional equity markets.

Access to UAE Equity Indices

Scope Markets’ launch of the AD15 (Abu Dhabi) and DXBI (Dubai) indices offers global traders an opportunity to gain exposure to some of the fastest-growing financial markets in the region. Investors can now trade both indices in a single transaction, enhancing the ease of investing in the UAE.

The UAE equity markets have seen significant growth, with the Abu Dhabi benchmark index climbing 10% from June to August 2024, and the Dubai index outpacing that with a 15% increase. This strong performance contrasts sharply with global indices, such as the Dow 30, which gained around 5%, and the FTSE-100, which remained largely unchanged.

Commentary from Scope Markets CEO

Pavel Spirin, Chief Executive Officer at Scope Markets, expressed his enthusiasm about the new products, stating: “We are genuinely excited to offer clients the ability to gain exposure to both the Dubai and Abu Dhabi equity indices via a CFD. It’s no secret that the GCC economies are growing rapidly, fueled in part by more companies listing on the relevant regional markets.”

Spirin added that global investors are increasingly looking for ways to add UAE exposure to their portfolios, and these new products are designed to meet that demand.

Growth in the UAE Market

The UAE’s market growth has been driven by strong investor interest, including oversubscription of recent IPOs such as Parkin’s, which saw a 165-times oversubscription rate. The demand for quality investments in the region is evident, as investors look for opportunities in these rapidly expanding economies.

Expanding Tradable Instruments

The new indices offer both long and short trading options, with leverage up to 1:20. Scope Markets is also expanding its portfolio with over 80 single-equity CFDs from Abu Dhabi and Dubai. This expanded range of products aims to provide more flexibility for investors looking to capitalize on opportunities in fast-growing markets like the UAE.

By diversifying its tradable instruments, Scope Markets continues to position itself as a key player for investors seeking exposure to high-growth regional markets.

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