The Dubai Financial Market (DFM) is planning to launch new equity futures contracts on stocks of three listed companies on April 18, 2021, as part of moves to diversify investment opportunities.
The stocks are Aramex, Air Arabia and Emirates Integrated Telecommunications Company (or Du) and the new contracts will have tenures of 1, 2 and 3 months, the bourse operator said in a statement Tuesday.
The total value of trading on contracts of five leading listed companies reached 57 million dirhams ($15.5 million) with 184,345 contracts, according to the statement.
(Writing by Brinda Darasha; editing by Seban Scaria)
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