- The imminent expansion uplifts futures to 33 contracts on stocks of 11 companies
Dubai: The Dubai Financial Market (DFM) today announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Dubai Investments, DFM Company and Shuaa Capital, on 19th September 2021, as part of its strategy to diversify investment opportunities.
The new equity futures contracts shall bring total number of contracts to 33 on individual stocks of 11 listed companies with tenures of 1, 2 and 3 months.
Since its launch on 18th October 2020, the DFM equity futures market has been witnessing active participation from investors and brokers alike. Total value of trading on contracts reached to AED 119 million through 336 thousand traded contracts.
Hassan Al Serkal, CEO of DFM said: “The rapid expansion of the DFM equity futures market underlines our commitment to diversify opportunities. It also caters to investors’ growing demand on this product, as they are seeking to diversify and hedge their portfolios as well as to access leverage in order to maximize their transactions and returns.”
Investors can trade DFM equity futures through 8 brokerage firms including; BHM Capital Financial Services, Al Ramz Capital, International Securities, EFG Hermes (UAE), Mena Corp Financial Services, SICO Financial Brokerage, Al Dar Shares and Bonds and Arqaam Securities.
About Dubai Financial Market:
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM 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 DFM commenced operations on March 26, 2000 and became the first Islamic Shari’a-compliant exchange globally since 2007. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company and its shares were listed on 7 March 2007 with the trading symbol (DFM). Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae
Vice President – Head of Media & Public Relations
Dubai Financial Market
© Press Release 2021