The profits of the Dubai Financial Market company rose 35% in...

The profits of the Dubai Financial Market company rose 35% in...
The profits of the Dubai Financial Market company rose 35% in...
– direct: The company net profits reaped Dubai Financial Market 35 percent during the third quarter of this year, recording 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 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. “

Nominations

6 companies on the Dubai Stock Exchange invite shareholders to receive profits before March 2015

Dubai Financial Market’s half-profits rise 21%, recording 78.9 million dirhams

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