Nasdaq Dubai shares start trading on Dubai Financial Market in effort to boost business

Dubai’s 2 stock exchanges start to act as 1

DUBAI, United Arab Emirates — Dubai’s two stock markets are moving closer together by linking their trading platforms in a bid to boost the number of shares changing hands.

Shares listed on the Nasdaq Dubai stock exchange began trading on the more active Dubai Financial Market at the start of the local business week Sunday.

Nasdaq Dubai officials say the new system will give individual investors better access to its stocks.

The electronic Nasdaq Dubai exchange has struggled to attract investors. Its most-traded stock is DP World, the global port operator run by indebted state conglomerate Dubai World.

DFM, the city-state’s main bourse, agreed to buy the Nasdaq Dubai in December in a deal valued at $121 million.