DFM concludes the Summer Stock Game in cooperation with the Ministry of Culture, Youth and Community Development |
|
Sharjah Cultural Center, Fujairah Cultural Center & DFMDFM
won the first three places Dubai Financial MarketDubai Financial Market (DFMDFM) announced today the successful conclusion of its Summer Stock Game in cooperation with the Ministry of Culture, Youth and Community Development, with 137 talented students participating in DFMDFM's Stock Game competition, which ran from Monday 12th July until Thursday 29th July 2010. The Summer Stock Game saw fierce competition amongst 6 entities which comprise of the DFMDFM Summer Program Students and the Ministry of Youth & Culture Centers in Deba Al Fujairah, Ras Al Khaimah, Sharjah, Masafi and Fujairah. During the competition, each student traded a virtual amount of AED 1,000,000 on DFMDFM listed stocks, with the ultimate aim of generating the highest profits to win the competition.
During the closing ceremony on Thursday 29th July, prizes and Certificates of Appreciation were awarded by Mr Jamal Ibrahim Al Khadhar, Senior Vice President of the Product Development division at DFMDFM, and Mr. Abdalla Harib, Ministry of Culture, Youth and Community Development.
Mr Muhannad Mohammed Hassan from the Sharjah Youth Center took first place, successfully generating over AED 54,839 of virtual profit in just two weeks, followed closely in second place by Mr Husam Taha Badr from the Fujairah Cultural Center with a virtual profit of AED 53,457, and the third place went to Mr Omar Ali Ahli, a student trainee from the Dubai Financial MarketDubai Financial Market, achieving AED 18,826 of virtual profit. The top three winners received a state-of-the-art IPAD, PC laptop, and IPOD respectively. Furthermore, all participants who made trades in the game received participation certificates.
The students have shown strong enthusiasm to participate in the competition, particularly at DFMDFM, which won the 'Excellence Award' for the highest number of participants amongst the top 30 places. The trophy was received by Miss Noaf Salmin, Assistant Executive - Human Capital Department at DFMDFM.
Mr Jamal Ibrahim Al Khadhar, Senior Vice President of the Product Development division at DFMDFM commented: "The Summer Stock Game 2010 achieved phenomenal success as 137 students from DFMDFM and across the Ministry's participating centers, showed impressive level of skills and attained excellent results on their portfolios. Moreover, the students demonstrated immense enthusiasm and dedication throughout the competition. We are grateful to the Ministry of Culture, Youth and Community Development for their generous support and contribution to the success of the DFMDFM Summer Stock Game 2010. The DFMDFM Stock Game, now in its 8th year, has grown in popularity each year largely attributed to the high interaction between DFMDFM and the student trainees which reinforces our belief in the importance of this competition as an effective tool to educate students about financial markets and developing their skills".
From the Ministry of Culture, Youth and Community Development, Mr. Abdalla Bin Harib said: "The UAE summer program organized by the Ministry of Culture, Youth and Community Development has succeeded in attracting new initiatives that have added value to the summer trainee students all over the UAE, and we are proud of the involvement of DFMDFM as one of our strategic partners in organizing the interactive DFMDFM Stock Game to develop the young generations' skills and abilities on investments in financial markets. We look forward to collaborating next year with DFMDFM to organize an even bigger competition in the summer".
-Ends-
About Dubai Financial MarketDubai Financial Market:
Dubai Financial MarketDubai Financial Market (DFMDFM) was established as a public institution with its own independent corporate body. DFMDFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFMDFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFMDFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFMDFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFMDFM Company.
For further information, please contact:
Atef Fathy
Vice President-Public Relations
Dubai Financial Market
Tel: 04-3055334
Email: afathy@dfm.ae
© Press Release 2010
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Saudi Telecom Company | Saudi Arabia | Telecommunications Services |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Dubai Health Authority | UAE | Regulatory and Administrative Bodies |
| Algérie Poste | Algeria | Transportation Services |
| Saudi Arabian Oil Company | Saudi Arabia | Oil |
| Al Ahli Bank of Kuwait | Kuwait | Banking |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Hyundai Engineering and Construction Company - Saudi Arabia | Saudi Arabia | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Sharjah Electricity and Water Authority | UAE | Electric Utilities |
Projects
| Project Name | Country | Sector |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| ADPC - Khalifa Port and Industrial Zone | UAE | Infrastructure |
| SWCC - Ras Al Zour Power and Desalination Plant | Saudi Arabia | Power and Water |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Vale Oman - Sohar Iron Ore Pellet Plant | Oman | Industry |
| Takreer - Inter Refineries Pipeline (IRP) - Phase 2 - Pipeline Network (Package 2) | UAE | Oil and Gas |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| ADNOC - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |