Sunday marked the first day with stocks from the local bourse DFM and the international market Nasdaq Dubai being traded on the same platform, as both exchanges merge. Stimulated by a strong week debut at the Saudi bourse on Saturday, the DFM Index added 0.43% and closed at 1,506.27 points. Market bellwether Emaar extended its recovery, climbing 1.55% higher at Dhs3.27. While DFM shares are traded in Dirham, stocks at the Nasdaq Dubai remain denominated in US-Dollar. Nasdaq Dubai-heavy weight Dubai Ports (DP) World added 1.63%, finishing at $0.437. The migration of Nasdaq Dubai's trading platform to the DFM is aimed to increase awareness and liquidity at the common Dubai market. The new Dubai exchange might soon merge with Abu Dhabi market ADX to form a national Emirates Financial Market, according to industry sources.
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