Advertisement
Singapore markets close in 1 hour 10 minutes

  • Straits Times Index

    3,298.78
    +26.06 (+0.80%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,169.60
    +340.67 (+2.02%)
     

  • FTSE 100

    8,077.64
    +32.83 (+0.41%)
     

  • Bitcoin USD

    66,627.09
    +385.49 (+0.58%)
     

  • CMC Crypto 200

    1,417.59
    -6.51 (-0.46%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,336.00
    -6.10 (-0.26%)
     

  • Crude Oil

    83.50
    +0.14 (+0.17%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,571.15
    +9.51 (+0.61%)
     

  • Jakarta Composite Index

    7,163.54
    +52.73 (+0.74%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Borse Dubai rules out Nasdaq OMX Group stake sale

Reuters

DUBAI (Reuters) - Borse Dubai has no "current intention" to sell its stake in Nasdaq OMX Group (NDAQ.O), a spokesman for the company told Reuters on Thursday.

The company earlier confirmed it had sold its complete 17.4 percent stake in the London Stock Exchange (LSE.L) (LSE).

Borse Dubai sold its LSE stake as the share price was at an all-time high and it was the "appropriate time to monetise" its investment, the spokesman told Reuters in an emailed response to questions.

The proceeds from the stake sale would be used for general business purposes, he added.

(Reporting by Tom Arnold; Editing by David French)