The company achieved total revenues of 183.1 million dirhams during the first nine months of 2021, compared to 271 million dirhams in the same period last year. Revenues were distributed at 117.9 million dirhams from operations and 65.2 million dirhams from investments and other income. Expenditures decreased by the end of September 2021 by 4% to 145 million dirhams, compared to 150.9 million dirhams during the same period of 2020.
Issa Kazim, Chairman of the Board of Directors of the Dubai Financial Market Company, said: “The total market value of the listed securities increased by 15% to 392.2 billion dirhams, and the general index increased by 14.2%, despite the decline in the total value of trading by 23.7% compared to its levels. In the corresponding period of 2020, it reached 38.7 billion dirhams. Foreign investors maintained their remarkable presence, as they accounted for 47.5% of the trading value, with a net investment of 1.3 billion dirhams as a purchase proceeds, and their ownership percentage amounted to 18.5% of the total market value of the shares listed in the market at the end of September 2021. In the same way, the institutional investment share of trading 44% with a net investment of 429 million dirhams as a purchase proceeds, which reflects the great confidence of local and international investors in the market and its future prospects and the opportunities it provides.”
He added: “The market has attracted many new investment institutions and individual investors, and their number has reached 3,799 new investors, including 467 investment institutions, bringing the total number of investors registered in the market by the end of September 2021 to 849,572 investors belonging to 208 nationalities. Foreigners constituted 66% of the new investors (2,502 investors), and they accounted for 81% of the investment institutions joining the market this year (380 investment institutions).
Kazim pointed out that the Dubai Financial Market has gone ahead during the first nine months of this year in implementing many strategic development initiatives, whether in terms of diversifying products and asset classes, or in terms of regulations and work mechanisms in line with the increasing aspirations of customers and placing the market in an ideal position to achieve sustainable growth. .
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