GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate

 
  Share

Retail Pioneer's Online trading platform accounted for 5,760 transactions worth AED 204 Million in 5 months

 

Dubai, United Arab Emirates - November 10, 2019:    Union Coop, the largest Consumer Cooperative in the UAE revealed that the total transactions through its electronic 'Share Trading' platform accounted for AED 204,302 Million since the platform's launch 5 months ago on May 22nd till the beginning of November 2019.
Commenting on this achievement, the Chairman of Union Coop ‘H.E. Majid Hamad Rahma Al Shamsi' said: “Since the launch of the Electronic Share Trading platform, it has offered total freedom to Shareholders to electronically trading their shares in a smooth, efficient and secure environment.”


Al Shamsi reveals: “The number of shares traded was 3,505 Million at an average of 32,155 transacted shares per day. The number of registered shareholders in the electronic trading platform being 4,133.”


Talking about the new ‘update' and its crucial role Al Shamsi said: “Union Coop has released a new update to the electronic share trading platform that follows the best ethical practices to preserve the shareholder rights and maintain transparency of transactions.

This latest update offers ‘Instant Electronic Trading' feature as of November 10, 2019, which allows shareholders to trade their shares on real time basis during the official working days from 9:00 AM to 2:00 PM, and the adoption of AED 0.10 and its multiples to change the price of the shares during the trading session.

In addition to that, the shareholder is entitled to sell maximum 20,000 shares during the day at the rate of one daily application, while the shareholder is entitled to apply open numbers of buying orders.”


He also pointed out that: “Union Coop changed the minimum purchase limit of shares to 50 instead of 100, to motivate all UAE citizens to invest in this vital sector.”

 



Posted by : GoDubai Editorial Team
Viewed 5948 times
Posted on : Sunday, November 10, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : The 10th Edition of Sharjah Stamp Exhibition to Kick Off on November 19 at Mega Mall Sharjah
Next Story : National Geographic Abu Dhabi Provides an Unprecedented Look into Makkah's Sprawling Hospitality Inf...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Drops of Youth
Foreo Reveals the Ultimate Valentine's Gift List for Women
Kanz Jewels proves to be a lucky destination for jewellery shoppers during DSF 2020.
Show your Support for Australia alongside THT – That Hair Tho
Zeitun Cosmetics Launch in UAE
Eberhard & Co. Gilda timepiece makes an extraordinary Valentine's Day gift
Corum And Joachim Horsley Light Up The Folies Bergère
Elegant diamond-swathed Kalpa Kalparisma set to dazzle fine watch enthusiasts
160 Years Young: Tag Heuer Kicks Off a Milestone Anniversary With the Re-edition...
Beleaf's Top 5 Vegan Supplements
Foreo Reveals the Ultimate Valentine's Gift List for Men
Seha Leads Discussions in Pediatric Medicine
Oris pays tribute to the world's greatest jazz musicians with Art Blakey Limited...
Traversetolo Vitre in blue dial makes stunning impact
Spice It Up With Szechuan! Shake Shack is Celebrating the Chinese New Year With ...
Why this is the right time for TMCs to automate their processes?
Beleaf Opens its Fifth Store in Springs Souk
UAE Falconers League Kick Starts Competition with 10 teams in Al Ruwayyah
The Data Center Market in 2020: What to Expect
Lg to Join Forces With Cerence on Ai-powered Connected Car Platform
Head to Freddy's for the Ultimate Frozen Custard Party
HONOR Wins Big at CES 2020 with Growing Momentum of Wearables
C Central Resort The Palm Welcomes 2020 with its Grand Opening in Dubai
MoHAP's Training & Development Center Receives the Silver Award from the America...
Secure Technologies and Artificial Intelligence in Focus for Airbus at Intersec 2020
Medical software company Evolucare Technologies presents its high-performance so...
HINO trucks dominate the UAE's fuel delivery sector
Filipino finds respite from a rare eye condition and poor vision
AU Offers 20% Discount to Ajman Government Staff
ETIHAD GUEST AND AIR MILES MIDDLE EAST PARTNER TO OFFER MORE WAYS TO EARN GUEST MILES
Dalma Mall to Host Musical Evening With Takkat
Laetitia Casta in Ralph Lauren
World security, safety and fire protection experts converge in Dubai for Intersec
Drive away in a brand-new Toyota for just AED 29 a day
MBRU faculty performs pioneering surgery at Mediclinic to treat rare swallowing ...
Sanad Powertech Awarded Shams Power Company Maintenance Contract
SteelFab 2020 introduces the latest Laser Metal Cutting Machine & the world's fi...
Lenovo and Nasr Esports partner to champion gaming talent in MENA
DHA Drives Forward Patient Care with Pioneering 3D Printing Lab
Volvo Cars and China Unicom collaborate on 5G communication technology developme...
The best crossbody bags for spring
Skullcandy- PUSH Wireless Earbuds.
Plaza Premium Lounge Dubai Creates a Lasting Impression for Travellers Departing...
Grohe's “Green Mosque” Initiative Ranks Fourth in The Best PR Campaigns for This...
Tabreed Energy Services Launched
Union Coop Signs two MoUs with Dubai Foundation for Women and Children
Al Majid Motors marks 25th edition of DSF with value deals across models
Maserati presents the Royale special series: a contemporary homage to the herit...
New Year, New IKEA!
Eaton adds to cybersecurity portfolio with industry-first dual UL and IEC produc...