Dubai Financial Market attracts 3.2 thousand new investors in 9 months

Dubai Financial Market attracts 3.2 thousand new investors in 9 months
Dubai Financial Market attracts 3.2 thousand new investors in 9 months
– Mubasher: Chairman of the Board of Directors said Dubai Financial Market CompanyIn the first nine months of this year, the market attracted 3,194 new investors.

In a press release on the market’s website, Issa Kazim confirmed that, by the end of last September, the net foreign investment in the market reached about 190 million dirhams as a result of purchase.

He pointed out that the market maintained the remarkable presence of foreign investors, who acquired 51 percent of its trading value during the first half of this year.

Issa Kazim added that foreign investors acquired 18 percent of the total market value of the shares listed on the market by the end of September 2020.

Regarding the general index, Issa Kazim confirmed that it maintained its increase for the second consecutive quarter, at rates of 16 percent and 10 percent during the second and third quarters of this year.

He explained that the product diversification strategy is gaining new momentum through the inclusion of ETFs and futures contracts.

He noted that the market is working in the next stage to enhance this strategic direction by including more traded funds.

He continued, “REIT and real estate investment funds and expanding the scope of the futures contracts platform for stocks and other asset classes to provide investors with various investment opportunities.”

وارتفعت Net profits Dubai Financial Market Company 35 percent during the third quarter of this year, registering 41.1 million dirhams, compared to 30.4 million dirhams in the same period of 2019.

The company stated, in a statement to the Dubai Financial Market, that it achieved a net profit of 120.1 million dirhams, an increase of 26 percent, compared to the profits for the same period in 2019 of 95.5 million dirhams, according to its financial results for the first nine months of the current year ending on September 30, 2020. .

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