Dubai DFM to launch futures contracts for Air Arabia, Aramex, Du stocks

Last year the bourse launched contracts for 5 stocks

  
A woman is seen at Dubai Financial Market in Dubai, United Arab Emirates September 16, 2019.

A woman is seen at Dubai Financial Market in Dubai, United Arab Emirates September 16, 2019.

REUTERS/Christopher Pike

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.

This is similar to the inaugural equity futures contracts launched by DFM on in October last year on stocks of five listed companies—Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development and Emaar Malls.

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)

brinda.darasha@refinitiv.com

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© ZAWYA 2021

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