FACTBOX-Gulf Arab stock exchanges
DUBAI, July 1 (Reuters) - NYSE Euronext (NYX.N) (NYX.PA), owner of the New York Stock Exchange, has agreed to buy a 20 percent stake in the renamed Qatar Exchange for $200 million.
Following is a summary of the eight regional exchanges:
QATAR EXCHANGE
Market capitalisation $74.7 billion. 42 listed stocks.
The Qatar exchange is 80 percent owned by Qatar Holding, a direct investment arm of the Qatar Investment Authority.
Qatar's benchmark is the second worst performing Gulf Arab index in 2009, falling 5.7 percent, although it remains the best performer since the end of 2007 as the country's strong macroeconomic outlook supports stocks.
Over the past three months, average daily trading on Qatar's index .QSI was 18 million shares, the second lowest in the region.
Qatar's five largest companies are: Industries Qatar IQCD.QA, Qatar National Bank QNBK.QA, Qatar Telecom (QTEL.QA) (Qtel), Qatar Islamic Bank QISB.QA and Qatar Gas Transport Co QGTS.QA (Nakilat).
DUBAI FINANCIAL MARKET
Market capitalisation $47.4 billion. 66 listed stocks.
One of the three exchanges in the United Arab Emirates, the Dubai market is 80 percent owned by Borse Dubai, a Dubai government entity, with the remaining 20 percent held in free float shares. Borse Dubai also holds a 21 percent stake in the London Stock Exchange.
The Dubai Financial Market Co DFM.DU, operating since March 2000, is the only Gulf Arab stock exchange to go public. Thirty two stocks are listed on its General Index.
Over the past three months, average daily trading on Dubai's index .DFMGI was 609 million shares.
The five largest companies on the General Index by market capitalisation are: Emirates NBD ENBD.DU, Mashreq Bank MASB.DU, Emaar Properties EMAR.DU, Dubai Financial Market and telecom operator Du DU.DU.
