38.1 million net profits of the Dubai Financial Market Company at the end of September

38.1 million net profits of the Dubai Financial Market Company at the end of September
38.1 million net profits of the Dubai Financial Market Company at the end of September

Yesterday, the Dubai Financial Market Company announced its financial results for the first nine months of the current year ending on September 30, 2021, which showed 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 total revenues of 183.1 million dirhams in the first nine months of 2021, compared to 271 million dirhams in the same period last year. Revenues were distributed at 117.9 million dirhams from operations

And 65.2 million in investments and other income. Expenditures 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.

Issa Kazim, Chairman of the Board of Directors of the Dubai Financial Market Company, said: 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

He added: 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, a purchase proceeds, and their ownership percentage amounted to 18.5% of the total market value of the shares listed in the market at the end of September 2021. In the same vein, the investment share reached The institutional market has traded 44%, with a net investment of 429 million dirhams, a purchase proceeds, which reflects the great confidence of local and international investors in the market and its future prospects, and the opportunities it provides.

The market attracted many new investment institutions and individual investors, and 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, and foreigners made up 66% of the new investors (2502 investors), and their percentage reached 81% of the investment institutions that joined the market this year (380 investment institutions).

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