The Dubai Financial Market profits recorded a 33% decline, with AED 23 million in the first quarter of 2021, compared with the same quarter last year.
According to Arab Net, the quarterly revenue for the Dubai Financial Market fell 17%, as a result of market fluctuations due to the repercussions of Corona virus to AED 73 million.
On the other hand, the value of trading increased by 8% during the first quarter to 15.4 billion dirhams. The market has been 848 new investors, including 134 investment enterprises.
The share of foreign investors amounted to 46% of trading, while their ownership reached 18% of the market value.
Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum issued a decree late January.
The non-domestic companies have to include their shares in the local securities markets in the Emirate of Dubai, if their annual profits or financial returns from their activities in the Emirate of Dubai, have reached 50% of its annual profits or financial returns, or when they have Assets within the Emirate of Dubai, which is more than 50% and more of its assets, according to decree.
