The Dubai International Financial Exchange has gained its first Nasdaq-listed stock since the US market bought one-third of the Emirates-based bourse, which is struggling to attract new listings despite the economic boom in the Middle East.

California-based software company Netsol Technologies became the 14th company to join the DIFX since it had its first listing in 2006. The company said the listing was part of its plans to expand its brand visibility and investor base in the Emirates and the broader Middle East region.