The Dubai Financial Market Company achieved 24% growth in profits for the first quarter of this year to reach 34.7 million dirhams, compared to 28.1 million dirhams in the same period of the year 2019.
According to Emirates News Agency, the company's total revenue increased by 13% to 88.2 million dirhams during the first quarter of 2020, compared to revenue of 77.9 million dirhams during The first quarter of the year 2019.
Revenue was distributed by 49.1 million dirhams from operating operations and 39.1 million dirhams from investments and operating expenses amounted to 53.5 million dirhams compared to 49.8 million dirhams in the first quarter of 2019 .
"Despite the sharp fluctuations in the global financial markets, it is a direct reflection of the unprecedented conditions caused by the spread of the Corona virus," said Issa Kazim, Chairman of the Dubai Financial Market Company. The new, the transactions of the Dubai Financial Market recorded a relatively improvement during the first quarter of the year 2020 compared to the similar quarter of the year 2019, where it increased by 19% to 14.2 billion dirhams, compared to 11.9 billion dirhams in the first quarter of last year ..
The market attracted 1018 new investors during the first quarter, bringing the total number of registered investors to the market to 845,137 investors .. Moreover, the market has maintained its great attractiveness to investors Foreigners who acquired approximately 51% of the value of its trading during the first quarter and their ownership percentage reached about 18% of the total market value of the shares listed in the market by the end of March 2020. We look forward to continuing the positive performance in the next stage with the benefit of various economic sectors from economic stimulus packages The many leadership that were launched in the Emirates to launch it Urgently to support the economic sectors during this exceptional period.
He explained that during the first quarter of 2020, the Dubai Financial Market continued to implement further development steps and initiatives aimed at strengthening its leadership at the regional level, as it was carried out in conjunction with its celebration of the passage of 20 years since its founding, the largest and most extensive development of its technical structure throughout its history, through the successful transition to the integrated financial framework system asdaq Financial Framework NFF from NASDAQ, the leading global provider of capital market technologies, in mid-March 2020. This system provides the market Dubai Financial is the latest application for trading, control, clearing and information broadcasting on the level Z World.
He pointed out that the smart stock market strategy pursued by the market over the past years and invested in it in developing an integrated system of smart and electronic services platforms paid off clearly in the quarter The first of this year with a complete transition to work p ...
