How to buy shares and invest on the Abu Dhabi & Dubai Stock Exchanges
UAE stock exchanges
There are three UAE stock exchanges that trade shares in UAE based companies (and a few foreign ones). They are
Listed companies on the UAE Stock Exchanges
There are several sectors, and confusingly, each stock exchange has a different set of categories, which in turn are different from how the regulatory authority organises them (ESCA - Emirates Securities and Commodities Authority).
The four ESCA catergories are
How to get started with buying and selling shares on the DFM and ADX (ADSM)
To get started with trading and investing on DFM and ADSM, you'll need do the following:
DFM - Dubai Financial Market
1. Go there (in the Trade Center building) early to join the queue to get an Investor Number. Take a number and come back in a few hours. You'll need a passport copy (resident's visa is apparently not necessary), bring original passport also.
2. Eventually you'll get a card with your investor number for DFM - it'll start with a country code depending on your nationality and then a number.
3. Choose a broker and ask to open an account with them. Do this after 1300 since between 0930 and 1300 there is generally mayhem while markets are trading. See the UAE brokers forum for comments, or the list of ADX DFM brokers. Some things to consider are:
Note that the transaction fees for trading are set by the authorities and should not vary amongst the different brokers. See the list of brokers for latest fees information.
ADX - Abu Dhabi Securities Exchange (was the ADSM Abu Dhabi Securities Market)
1. Go there to get an Investor Number. There's a branch in Ras Al Khaimah opposite Carrefour as well as in Abu Dhabi. Some brokers at DFM will also trade ADX securities and may process an application for an ADX Investor Number - but don't count on it. You'll need a passport copy (maybe with resident's visa), bring original passport also.
2. Eventually you'll get a card with your investor number for ADX - it'll start with a country code depending on your nationality and then a number.
3. Choose a broker and ask to open an account with them. Do this after 1300 since between 0930 and 1300 it is fairly chaotic while investors are trading on the markets. See the UAE brokers forum for comments, or the list of ADX DFM brokers.
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