The company stated, in a statement to the Dubai Financial Market, that it achieved net profits of 120.1 million dirhams, an increase of 26 percent, compared to the profits for the same period of the year 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.
She added that the company’s total revenues amounted to 271 million dirhams during the first nine months of 2020, compared to 241.6 million dirhams in the same period last year.
Issa Kazim, Chairman of the Dubai Financial Market Company, said: “The total value of trading on the Dubai Financial Market increased by 28.3% compared to its levels in the same period of the year 2019, reaching 51 billion dirhams, and trading values recorded an increasing growth during the past three quarters compared to similar periods. From the previous year, at rates of 19%, 30% and 34.5%, respectively.
Kazem added: “With regard to the general index, it maintained its increase for the second consecutive quarter, at 16% and 10% during the second and third quarters, thus regaining a large part of its strength in light of the Corona pandemic.”
The company president indicated that the market attracted 3,194 new investors during the first nine months and maintained the remarkable presence of foreign investors who acquired 51% of its trading value during the first half, and their ownership percentage reached 18% of the total market value of the shares listed on the market by the end of September 2020, and it was net Foreign investment in the market by the end of September 190 million dirhams as a result of purchase. “
These were the details of the news The profits of the Dubai Financial Market company rose 35% in... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.