Wednesday, October 27, 2021 – 8:48 PM
DUBAI, 27th October, 2020 (WAM) – During the first nine months of this year ending on September 30, the Dubai Financial Market Company achieved a net profit of 38.1 million dirhams, compared to 120.1 million dirhams in the same period of the year 2020.
The company achieved a total revenue of 183.1 million dirhams during the first nine months of the year 2021, compared to 271 million dirhams in the same period last year. Revenues were distributed by 117.9 million dirhams from operations and 65.2 million dirhams from investments and other revenues. Expenses decreased by the end of September 2021 by 4% To 145 million dirhams, compared to 150.9 million dirhams during the same period of 2020.
His Excellency Issa Kazim, Chairman of the Board of Directors of the Dubai Financial Market Company, explained that the total market value of the listed securities increased by 15% to 392.2 billion dirhams, and the general index increased by 14.2%, despite the decline in the total value of trading by 23.7% compared to its levels in the same period From the year 2020 to 38.7 billion dirhams. Foreign investors maintained their remarkable presence, as they accounted for 47.5% of the trading value, with a net investment of 1.3 billion dirhams, as a purchase proceeds. An investment of 429 million dirhams as a proceeds of purchase, which reflects the great confidence of local and international investors in the market and its future prospects and the opportunities it provides.
Kazem added that the market attracted many new investment institutions and individual investors, their number reached 3,799 new investors, including 467 investment institutions, bringing the total number of investors registered in the market by the end of September 2021 to 849,572 investors belonging to 208 nationalities. Foreigners accounted for 66% of the new investors/2502 Investors, as their percentage reached 81% of the investment institutions that joined the market this year (380 investment institutions).
Wam/ Mubarak Khamis/ Emad Al Ali