DFM

AED12.7 billion in Q1 gains by 38 UAE companies listed at ADX, DFM

ABU DHABI - wam

The net profits booked by 38 UAE companies listed at Abu Dhabi Securities Exchange, ADX, and Dubai Financial Market, DFM, amounted to AED 12.7 billion during Q1 2017, a growth of 6.7 percent from AED11.9 billion for the same period last year. The gains were termed as ''fair'' by market analysts who have viewed them as indicative that the totalRead more

DFM and Astana International Financial Centre cooperate

Dubai - WAM

Dubai Financial Market, DFM, has briefed a Kazakh delegation on Dubai’s leading position as a dynamic capital markets hub as well as DFM’s active role in further strengthening this position. This came up during the visit of a delegation from Kazakhstan’s Astana International Financial Centre, AIFC, to DFM, where the parties explored potential areas of cooperation. Headed by Kairat Kelimbetov,Read more

Traded shares on DFM increased 14.2% in 2016

Dubai - Arab Today

The total traded value on Dubai Financial Market fell more than 8 per cent in 2016, though number of traded shares rose. The value of shares traded during last year reached Dh133 billion, compared to Dh145.7 billion recorded during 2015, down by 8.7 per cent, the bourse said in an emailed statement. The number of shares traded increased by 14.2Read more

Foreigners buy shares worth AED 1.8 bn on DFM

Dubai - WAM

Foreign investors purchased shares worth AED1.8 billion on the Dubai Financial Market (DFM) over the week, while the value of stocks they sold amounted to AED1.9 billion, a DFM report said. The net foreign investment during the period reached AED150.1 million, as aggregate sale. The value of shares bought by foreigner investors comprised 35.6 per cent of the total valueRead more

DFM launches "IPO Communications Guide"

Dubai - WAM

Dubai Financial Market (DFM) launched on Monday its "IPO Communications Guide", as part of the exchange’s continuous efforts to develop various practical guides that explains the regulatory framework of going public as well as the international best practices related to stages of implementation of an IPO. Accessible in both Arabic and English on DFM website; www.dfm.ae , this guide isRead more

Foreigners purchase shares worth AED2.5 bn on Dubai

Dubai - WAM

Foreign investors purchased AED 2.5 billion worth of shares on Dubai Financial Market (DFM) and sold AED 2.4 billion over the week, DFM said today. Net foreign investment on the market reached AED 148.5 million, as aggregate buy. Value of shares bought by foreigner investors comprised 43.9 per cent of the total value of stocks traded during the last fiveRead more

DFM highlights its smart and leading services during UAE Innovation Week 2016

Dubai - Arab Today

Dubai Financial Market, DFM, announced on Tuesday it will actively participate in the UAE Innovation Week 2016, the nationwide initiative that aims to reflect the country’s impressive achievements in terms of innovation as well as further reinforcing the culture of innovation across all sectors. This initiative is in line with the vison of Vice President, Prime Minister and Ruler ofRead more

DFM signs MoU to streamline payments of IPO subscriptions

Dubai - WAM

A Memorandum of Understanding (MoU) has been signed with the Government of Dubai’s Department of Finance (DoF) and Dubai Islamic Bank (DIB), to streamline payments of initial public offering (IPO) subscriptions, the Dubai Financial Market (DFM) announced today. According to the MoU, DIB has become the first bank to enable investors who participate in IPOs and Rights Issues implemented throughRead more

DFM Company posts net profit of AED 139.6 Million during first half of 2016

Dubai - WAM

Dubai Financial Market (PJSC) today announced its financial results for the first half of the year ending 30 June 2016, recording a net profit of AED 139.6 Million, compared to AED 200 Million during the corresponding period of 2015, a 30% decrease. The net profit of the second quarter of 2016 reached AED 53.5 Million, a 60% decrease compared toRead more

DFM welcomes listing of Afkar Capital's Exchange -Traded Fund

Dubai - WAM

The Dubai Financial Market, DFM, today welcomed the listing of Afkar Capital's Exchange Traded Fund (ETF), (Afkar S&P UAE UCITS ETF) under the trading symbol "UAETF". The fund has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index, which includes the largest stocks by capitalisation in the UAE. The reference price of the ETF units will beRead more