Scope Markets has revealed the inclusion of an additional 23 Dubai-listed stock CFDs into its range of tradable assets, expanding its global product portfolio. This complements the existing 42 Abu Dhabi-listed stocks already available to clients.
While equity markets in the Middle East are experiencing robust growth, accessing economic exposure to these assets poses challenges due to cross-border ownership restrictions and high transaction costs for international investors. Scope Markets has tackled this issue by introducing a selection of long-only Middle Eastern stock CFDs, ensuring seamless access for a diverse range of customers.
Pavel Spirin, CEO of Scope Markets, remarked, “Equity markets across the Middle East are currently thriving, with asset owners seeking to capitalize on the advantages of broader share ownership. This presents numerous opportunities, but overseas investors still face significant barriers to ownership. Scope Markets’ approach greatly enhances accessibility to investing in these markets for a broader audience.”
CFDs offer similar benefits to owning cash equity, allowing investors to receive dividend payments and participate in corporate actions. The 23 new instruments are priced based on underlying exchange prices, with trading fees set by Scope Markets reflecting underlying exchange transaction fees with a slight mark-up.
Pavel Spirin further elaborated, “There is a prevailing theme of confidence in equity markets across the Middle East at present. As a company, we are expanding our footprint in the region, and it’s evident that today’s savvy investors are keen to diversify their portfolios, integrating GCC stocks alongside investments from established markets such as the US, UK, and Germany.”
