The financial statements of the Dubai Financial Market Company showed that the company's profits in the first nine months of this year increased by 25.8% on an annual basis.
According to the company's results to the stock exchange, profits for the period amounted to 120.1 million dirhams, compared to profits of 95.5 million dirhams for the first nine months of last year.
The company recorded a net profit of 41.1 million dirhams in the third quarter of this year, compared to 30.4 million dirhams profits for the same period in 2019, an increase of 35.2%.
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The company stated that the total revenues for the first nine months of this year amounted to 271 million dirhams, up 12.2% from its counterpart for the same period in 2019 of 241.6 million dirhams at the time.
said Essa Kazim, Chairman of the Dubai Financial Market Company: The total value of trading in the Dubai Financial Market increased by 28.3% compared to its levels in the same period of 2019, to reach To 51 billion dirhams. Trading values recorded an increasing growth during the past three quarters compared to the corresponding periods of 2019, at rates of 19%, 30% and 34.5%, respectively.
Kazem added: With regard to the general index, it maintained its height for the second quarter in a row at 16% and 10% during the second and third quarters, thus regaining a large part of its strength in light Corona Pandemic.
and indicated that the Dubai market attracted 3,194 new investors during the first nine months of 2020, and maintained the remarkable presence of foreign investors who acquired 51% of its trading value during the half First, their ownership percentage reached 18% of the total market value of the shares listed on the market at the end of last September, and net foreign investment in the market by the end of the period reached 190 million dirhams as a purchase.
