Dubai Financial Market performance in April 2012

Dubai Financial Market General Index decreased by 1.1% to 1631 points at the end of April compared to 1648.9 points at the end of March. At the sectoral level, seven out of the nine indices represented on DFM ended the month in the red, with Services sector decreasing the most by 17.3%, followed by the Industrial and Transportation sectors by 10.4%, and 9.3% respectively. Real estate & Construction index rose by 6.1%. The consumer staples sector has not witnessed any changes during this month. Read more

Dubai Financial Market General Index up by 20.5 percent

The Dubai Financial Market General Index increased by 20.5 percent to 1730.4 points at the end of February compared to 1435.7 points at the end of January.

At the sectoral level, eight out of the nine indices represented on DFM ended the month in the green, with Services sector increasing the most by 159.7 percent , followed by the Real estate and Financial services sectors by 37 percent , and 33 percent respectively. The consumer staples sector has not witnessed any changes during this month. Read more

Dubai Financial Market records net profit of AED 8 Million in 2011

Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2011. The company recorded a net profit of AED 8 million for the year 2011, compared to a net profit of AED 89.9 million in 2010, whilst, DFM group (including its subsidiary NASDAQ Dubai) recorded a net loss of AED 6.9 million in 2011 compared to a net profit of AED 78.9 million in 2010. Total revenues reached to AED 176.5 million at the end of 2011, compared to AED 260.5 million in 2010. Read more

MSCI extends review for reclassification of UAE from frontier status

MSCI, whose stock indexes are tracked by investors with about $3 trillion in assets, announced today it will extend its review for reclassification of the U.A.E. and Qatar from frontier status “in order to give additional time for market participants to assess the effectiveness” of the new payment systems in the exchanges, according to a statement. Read more

Has The Stock Market bottomed out?

Definitely, this is a ”Big Question” and if you know the answer, you may be well ahead of the game.

Investors and analysts alike are asking themselves if we have in fact seen the worst that the stock market and economy has to offer. There have been signs as of late that signal that the economic plunge is leveling off. Read more

DFM posts third quarter loss of Dhs9.28m

The Dubai Financial Market (DFM) Company announced today its financial results for the first nine months of 2011 ending September 30th, with a 90% decline in net profit to Dhs7.61m compared to Dhs77.84m in the corresponding period of 2010.

The company recorded a net loss of Dhs9.28m in the third quarter of 2011 compared to a net loss of Dhs2.95m in the corresponding period of 2010. Read more

DFM registers 6000 Real Time Data and eServices users

Dubai Financial Market (DFM) announced that its campaign to register market data and eServices users has achieved outstanding success with as many as 6000 investors already enrolled for uninterrupted access of DFM and Nasdaq Dubai listed securities real time data. Read more

DFMGI advances on low trading volumes

Benchmark adds over 9 pts

Dubai Financial Market General Index (DFMGI) ended in the green, edging up 0.6%, or almost 9.3 points, to 1567.12, according to Mubasheer data. Read more

DFMGI ended positive amid thin trading

Dubai Financial Market General Index (DFMGI) ended in the positive territory. It added as much as 0.22% (3.41 points) to 1559, compared to yesterday’s closing level of 1555.59. The measure peaked to 1559.19 and bottomed out at 1543.66.

Trading activity retreated compared to Monday’s levels, according Mubasher data. Read more

Dubai shares advanced 2.4%

Dubai Financial Market General Index (DFMGI) got off to a good start in July, shutting today’s session with a remarkable rise of 2.4%, or 36.4 points to 1553.31.

Trading activity varied compared to Wednesday’s levels. Traded volume dropped around 11.7% to 102.4 million shares, compared with 116 million shares. Similarly, turnover fell 12.8% from around AED 166.1 million to AED 144.9 million.

However, the number of transactions slightly increased 0.3% from 1967 to 1973.

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