Buying shares on Dubai Stock market
Ok, now that you've stopped laughing... It's a serious question - how do you go about doing so? Has anyone got any reccies? (apart from don't be so bloody stupid!)
Cheers |
Re: Buying shares on Dubai Stock market
Originally Posted by RedRoar75
(Post 8159163)
Ok, now that you've stopped laughing... It's a serious question - how do you go about doing so? Has anyone got any reccies? (apart from don't be so bloody stupid!)
Cheers Have you taken advice from a good Economist on this as I happen to know one ;) |
Re: Buying shares on Dubai Stock market
? can't PM you I'm afraid -any advice appreciated!
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Re: Buying shares on Dubai Stock market
You really want to buy shares in companies that are not fully accountable?
More fool you. - |
Re: Buying shares on Dubai Stock market
Originally Posted by Meow
(Post 8159291)
You really want to buy shares in companies that are not fully accountable?
More fool you. - |
Re: Buying shares on Dubai Stock market
Originally Posted by Topper Headon
(Post 8159310)
Hmmm there were at lot of accountants at Lehmans....Enron....need I go on?
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Re: Buying shares on Dubai Stock market
Originally Posted by Meow
(Post 8161289)
But it does not follow that not having an accountability (which is not the same as having accountants, by the way) makes it better.
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Re: Buying shares on Dubai Stock market
Originally Posted by Topper Headon
(Post 8161402)
Thats my point, in the west we have accountants who effectively do what the client tells them. In the Middle East most businesses are family owned and the accountants....do what the business tell them. There may well be opportunities in the Gulf markets now. all the Middle East stocks are down but some banks and businesses are still robust and still profitable and not exposed to whats happened in Dubai. Just an observation thats all.
It's a rigged "market" anyway mate. You'd be better of throwing away the economics books and start insider trading. it's what everyone else is doing - you don't have a chance. |
Re: Buying shares on Dubai Stock market
Originally Posted by RedRoar75
(Post 8159163)
Ok, now that you've stopped laughing... It's a serious question - how do you go about doing so? Has anyone got any reccies? (apart from don't be so bloody stupid!)
Cheers Then you need to open a trading account with one of the many trading companies there. Its pretty easy and simple. All companies charge the same per transaction; some may charge more if you have online trading etc. Bottom line - go to DFM and they'll help you out! Good luck! |
Re: Buying shares on Dubai Stock market
Originally Posted by shahveer
(Post 8171341)
RedRoar, to answer your question, you first need to go to DFM and set up an investor account. You need your passport copy (or perhaps best to carry the original).
Then you need to open a trading account with one of the many trading companies there. Its pretty easy and simple. All companies charge the same per transaction; some may charge more if you have online trading etc. Bottom line - go to DFM and they'll help you out! Good luck! |
Re: Buying shares on Dubai Stock market
Originally Posted by Blue Cat
(Post 8171345)
hiya and welcome!! :p
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Re: Buying shares on Dubai Stock market
Originally Posted by shahveer
(Post 8171347)
Thanks! Nice avatar; looks familiar lol
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Re: Buying shares on Dubai Stock market
Originally Posted by shahveer
(Post 8171341)
RedRoar, to answer your question, you first need to go to DFM and set up an investor account. You need your passport copy (or perhaps best to carry the original).
Then you need to open a trading account with one of the many trading companies there. Its pretty easy and simple. All companies charge the same per transaction; some may charge more if you have online trading etc. Bottom line - go to DFM and they'll help you out! Good luck! |
Re: Buying shares on Dubai Stock market
Originally Posted by shahveer
(Post 8171341)
RedRoar, to answer your question, you first need to go to DFM and set up an investor account. You need your passport copy (or perhaps best to carry the original).
Then you need to open a trading account with one of the many trading companies there. Its pretty easy and simple. All companies charge the same per transaction; some may charge more if you have online trading etc. Bottom line - go to DFM and they'll help you out! Good luck! Use a broker that belongs to a bank and open a bank account there, then money transfer is automatic between broker and bank account. There are two markets - Abu Dhabi and Dubai. You need an account at each but broker will organise that for you. Costs should be the same whether broker has online account or not. The DIFC has another market that operates differently, I don't think you need an account, you just go to a broker and buy shares. http://www.dfm.ae http://www.adx.ae http://www.sca.ae http://www.dubaifaqs.com/dubai-financial-market.php |
Re: Buying shares on Dubai Stock market
Originally Posted by grapefruit
(Post 8174494)
You can also go to a broker and they will do arrange the account opening for you.
Use a broker that belongs to a bank and open a bank account there, then money transfer is automatic between broker and bank account. There are two markets - Abu Dhabi and Dubai. You need an account at each but broker will organise that for you. Costs should be the same whether broker has online account or not. The DIFC has another market that operates differently, I don't think you need an account, you just go to a broker and buy shares. http://www.dfm.ae http://www.adx.ae http://www.sca.ae http://www.dubaifaqs.com/dubai-financial-market.php |
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