Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
Union Coop Releases the instant Electronic Share Trading Update
 
Union Coop Releases the instant Electronic Share Trading Update

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 : Dubai PR Network Editorial Team
Viewed 5728 times
PR Category : Real Estate & Retail
Posted on : Sunday, November 10, 2019  12:55:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : The 10th Edition of Sharjah Stamp Exhibition to Kick Off on ...
Next Story : National Geographic Abu Dhabi Provides an Unprecedented Look...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Drops of Youth [9101-Views]
Modern Classics: Michael Kors Unveils Spring 2020 Michael Kors Collection Ad Campaign [9004-Views]
Eberhard & Co. Traversetolo Vitre in blue dial makes stunning impact [8998-Views]
Go Neutral with Palladio Beauty [8967-Views]
Parmigiani Fleurier welcomes Amanda Lui to its Friends of the Brand family [8772-Views]
Valentine's Gifts to Fall in Love With [8259-Views]
Reveal Your Cosmic Beauty With These Gift Sets From Wet n Wild [8021-Views]
The Tag Heuer Autavia [6680-Views]
Corum Admiral's Cup Legend 47 Worldtimer' [6625-Views]
Start the Year with Gorgeous Glowing Skin with a Little Help from DERMAdoctor [6564-Views]
Regulator at pole position [6558-Views]
Parmigiani Fleurier creates horological history with world's first wristwatch with Islamic... [6405-Views]
5 super reasons why the HUAWEI Mate 30 Pro is the king of 5G smartphones we've all been wa... [6356-Views]
UAE Team Emirates Unveil New 2020 Team Jersey [6167-Views]
SUBWAY® commemorates 2020 with enhanced customer experiences [6118-Views]
Dubai Jewellers Expect a Steady Sale During the 25th Dubai Shopping Festival Promotion [5582-Views]
Malabar Gold & Diamonds - New Store opened in Kanpur, UP, India [5460-Views]
The Winter Youth Olympic Games Lausanne 2020 [5435-Views]
OMEGA Ready to Time The Winter Youth Olympic Games Lausanne 2020 [5289-Views]
Kanz Jewels proves to be a lucky destination for jewellery shoppers during DSF 2020. [5130-Views]
The Largest LEGO® Festival the Middle East Has Ever Seen Kicks OFF at Dubai Festival City ... [5075-Views]
Diabetes Friends Association Trains Schools Nurses on Innovative Methods to Protect Studen... [4965-Views]
Huawei brings the king of 5G smartphones- HUAWEI Mate 30 Pro 5G to the UAE [4691-Views]
Karl Lagerfeld - S/S 2020 Urban Cycle [4551-Views]
Former United Nations Secretary-General Ban Ki-moon delivers keynote speech at inaugural G... [4404-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories