Nasdaq Dubai changes operating hours

Nasdaq Dubai has announced it is changing its opening hours to those of sister exchange, the Dubai Financial Market, in an effort to boost trading, Reuters has reported. Nasdaq Dubai has said it will reduce its trading hours to 0600 GMT to 1000 GMT, pending regulatory approval, and outsource operational functions of Nasdaq Dubai equities to DFM, including trading, clearing, settlement and custody. Listing status and the regulatory framework of Nasdaq Dubai equities will remain unchanged, it said.