Dubai Financial Market (DFM) has announced the inauguration of the 10th Annual Stock Game, the most popular educational initiative amongst school and university students in the UAE.
In its new version, The Stock Game has attracted 1844 students, representing 29 educational institutions. Including the Al Faisal University of Saudi Arabia for the first time.
The competition will run until April 30th 2012 and the results will be announced at an award ceremony due to take place during May. It is noteworthy that DFM has organized 21 seminars and presentations at various schools and universities to educate students on the Stock Game’s main characteristics.
During the course of The Stock Game, students will have the opportunity to virtually trade in securities listed on the Dubai Financial Market through the exchange’s website, as per the live prices during trading hours. Each student will receive a virtual amount of AED 1,000,000 that can be utilized to buy and sell shares and securities during the competition.
The first winner will receive a cash prize of AED 15,000, the second a cash amount of AED 10,000 and the third a cash amount of AED 5,000. Moreover, a cash amount of AED 1,000,000 will be distributed to each student falling in between the fourth to fifteenth place, in addition to certificates of appreciation and trophies. The total value of prizes during the last 9 years has reached to AED 350,000, while the total value for this year’s competition will be AED 42,000. Winners are defined by the gains achieved during the competition.
Jamal Ibrahim Al Khadhar, Senior Vice President, Head of Human Resources and Strategic Planning Division, DFM said:”Over the last 9 years the competition proved to be the most popular initiative for students of schools and universities, a fact that is well supported with the increased number of participants and the huge interest we see from the educational community. The Stock Game gives students the chance to sharpen their skills and exhibit their talents. This initiative is DFM’s response to the ever evolving need to spread the investment culture amongst the younger generation and develop the skills of students as one of the main pillars of human resources development in the UAE”.
“Undoubtedly, the DFM Stock Game reflects the fruitful cooperation between DFM on the one hand and various educational institutions on the other. Additionally, the large numbers of participants is a clear indication of the increased popularity of this unique initiative on a yearly basis. We would like to extend our sincere gratitude to the educational institutions for their cooperation in facilitating our communication with the students and supervisors and hosting seminars prior to the competition”, Al Khadhar added.