accelerated trading on dfm ends in 134 percentage increase in net income for 2nd sector

70,432 new investors registers with the bourse in h1 2022, 38 times the number who joined during the same duration ultimate year

dubai authorities’s effort to boom exchange volumes in dubai economic market (dfm) is paying dividends. way to growing hobby, the dfm has introduced a 134 percent jump in internet income for the second one area of 2022.

in its consolidated financial consequences filed for the first half of the yr ended thirtieth june 2022, dfm said that net income extended to aed35.nine million for the second one quarter, in comparison to the equal quarter in 2021 (aed15.three million).

the total buying and selling fee accelerated with the aid of seventy five percent at some point of the first half of 2022 to aed49.4 billion from aed28.2 billion for the duration of the equal period of the 12 months 2021, while the total market capitalisation of indexed securities extended 28.2 percent to aed527 billion compared to give up of 2021 stage of aed411 billion.

as many as 70,432 new investors registered with the dfm in the course of the primary half of this 12 months in comparison to at least one,842 buyers inside the corresponding length of remaining 12 months. that quantities to an boom of 38 times. the full quantity of traders in dfm is now 921,550, hailing from 212 exclusive countries. international investors accounted for 72 percent of the new buyers.

a number of the groups that had been lately indexed on dfm are dubai strength and water authority (dewa) and the grocery store chain union co-operative.

“in the course of the primary 1/2, the dfm welcomed the list of dewa, the largest initial public imparting within the uae financial markets’ history. moreover, our product diversification approach won further momentum by way of launching buying and selling of oman crude oil futures in addition to new equity futures contracts.

“the first 1/2 also witnessed the accomplishment of key initiatives to develop the regulatory framework through the creation of the list and buying and selling regulations of cooperatives and special reason acquisition companies (spac), which strengthens dfm’s capability to attract more listings and diversify funding opportunities.”

the dfm remained attractive to international traders, who accounted for 47 percent of its buying and selling value during the first half with net purchases of aed2.6 billion. foreign possession reached 19.eight percent of the overall market capitalisation via the cease of june 2022.

for the duration of the second region of 2022, revenue reached aed85.2 million in comparison to aed63.2 million in the second quarter of 2021, even as fees amounted at aed49.3 million compared to aed47.9 million in the course of q2-2021.

total consolidated revenue reached aed163.eight million in h1 2022 as compared to aed136.6 million at some stage in the identical length closing 12 months. running income led to sales of aed121.four million, and aed42.four million got here from investment income and others. overall expenses had been aed100.4 million, in comparison to aed97.eight million recorded at some stage in h1-2021.

multiplied trading on dfm ends in 134 percentage growth in internet earnings for 2nd area
70,432 new investors registers with the bourse in h1 2022, 38 times the wide variety who joined at some point of the identical length remaining 12 months

elevated buying and selling on dfm ends in 134 percentage growth in internet income for 2d area
dubai government’s attempt to growth exchange volumes in dubai economic marketplace (dfm) is paying dividends. way to growing hobby, the dfm has announced a 134 percentage soar in net income for the second one zone of 2022.

in its consolidated monetary consequences filed for the primary 1/2 of the yr ended 30th june 2022, dfm stated that net income multiplied to aed35.nine million for the second zone, in comparison to the same zone in 2021 (aed15.3 million).

the entire trading value increased via seventy five percentage during the primary half of of 2022 to aed49.4 billion from aed28.2 billion at some stage in the identical duration of the yr 2021, while the full market capitalisation of indexed securities multiplied 28.2 percentage to aed527 billion compared to cease of 2021 stage of aed411 billion.

2022: every other buoyant 12 months for gcc ipo markets?

as many as 70,432 new buyers registered with the dfm in the course of the primary half of of this year as compared to 1,842 investors in the corresponding duration of ultimate year. that amounts to an boom of 38 instances. the entire variety of traders in dfm is now 921,550, hailing from 212 exceptional international locations. international buyers accounted for seventy two percentage of the brand new investors.

a number of the corporations that were these days indexed on dfm are dubai electricity and water authority (dewa) and the grocery store chain union co-operative.

“during the first 1/2, the dfm welcomed the list of dewa, the most important preliminary public supplying inside the uae financial markets’ records. additionally, our product diversification method received similarly momentum by means of launching buying and selling of oman crude oil futures in addition to new fairness futures contracts.

“the first half also witnessed the accomplishment of key projects to develop the regulatory framework via the introduction of the list and trading policies of cooperatives and unique purpose acquisition organizations (spac), which strengthens dfm’s capability to attract greater listings and diversify funding possibilities.”

the dfm remained attractive to international traders, who accounted for forty seven percentage of its trading fee at some point of the first half of with net purchases of aed2.6 billion. foreign possession reached 19.eight percent of the total market capitalisation through the quit of june 2022.

at some stage in the second area of 2022, revenue reached aed85.2 million compared to aed63.2 million in the 2nd quarter of 2021, at the same time as expenses amounted at aed49.3 million in comparison to aed47.nine million during q2-2021.

general consolidated sales reached aed163.eight million in h1 2022 as compared to aed136.6 million all through the identical duration final yr. running earnings led to sales of aed121.four million, and aed42.four million got here from funding income and others. general prices have been aed100.4 million, compared to aed97.eight million recorded for the duration of h1-2021.

dfm
helal al marri (pictured), dfm chairman, said: “the dfm has witnessed a advantageous overall performance pushed by the increasing hobby from diverse marketplace contributors and the deep confidence in its possibilities in light of the accelerating steps to put into effect dubai’s financial markets development method.