Afkar Capital’s Exchange Traded Fund (ETF), under the trading symbol “UAETF", has been listed on Dubai Financial Market (DFM), which operates as a secondary market for the trading of securities.

The fund is designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index, which includes the largest stocks by capitalization in the United Arab Emirates.

The reference price of the ETF units will be updated on a daily basis prior to the trading session as per the up-to-date indicative Net Asset Value (iNAV). The price limits of 15 per cent up and 10 per cent down are applied on the ETF units from the first day of listing.

The fund is regulated under the European Union’s UCITS Regulation and is governed by the rules and regulations of the Securities and Commodities Authority (SCA), the DFM, the Abu Dhabi Global Market ADGM, and the Central Bank of Ireland. – TradeArabia News Service