Dubai Financial Market Company posts 17% rise in net profit for Q1 2022

Dubai Financial Market Company has posted Dhs27.5m in net profit for the first quarter of the year, ending March 31, 2022. The company recorded a 17 per cent increase, compared to Dhs23.4m posted during the corresponding period of 2021.

The company’s total consolidated revenue increased 7 per cent to equal Dhs78.6m in Q1 of 2022 compared to Dhs73.4m during Q1 of 2021. The revenues comprised Dhs55.9m of operating income and Dhs22.7m of investments returns & others. Meanwhile, operating expenses reached to Dhs51.1m compared to Dhs50m.

Dubai Financial Market Company (PJSC) announced its consolidated financial results for the first quarter of the year.#DubaiFinancialMarket #Dubai #UAE #DubaiInvestor pic.twitter.com/TPWeJE7hU5

— Dubai Financial Market (@DFMalerts) April 29, 2022

Helal Al Marri, chairman of the Dubai Financial Market Company, said, “The DFM’s trading value has increased 48 per cent to Dhs22.8bn during the first quarter of 2022 compared to Dhs15.4bn during the corresponding quarter of 2021. The DFM General Index advanced 10.3 per cent and the market capitalisation increased 6.4 per cent to Dhs437.4bn from its level at the end of 2021. Foreign investors maintained their strong presence through a market share of 45.8 per cent of trading value during the first quarter and net purchases of Dhs2.1bn, while their ownership reached to 23.2 per cent of the market capitalisation at the end of March 2022. Institutional investors’ share of trading value reached to 51.6 per cent with net purchases of Dhs651m.”

DFM Company posts 17% increase in its net profit to AED 27.5 Million in the first quarter of 2022.

The Trading activities gain further momentum amidst strong appetite towards DFM’s lucrative opportunities.#DubaiFinancialMarket #Dubai #UAE #DubaiInvestor pic.twitter.com/6FjdaFnDwY

— Dubai Financial Market (@DFMalerts) April 29, 2022

“The DFM has attracted 51,404 new investors during the first quarter of this year, 73.4 per cent of them are foreign investors, bringing the total number of its investor base to 903,077 investors representing 209 nationalities.

“During the first quarter of 2022, the DFM accelerated its strategic development plans aiming at strengthening its position as a main gateway to investment and one of the leading regional markets in terms of diversifying product including; equities, equity futures, bonds and Sukuk, ETFs, REITs, etc. The DFM is striding to expand the range of opportunities and attract leading companies from various economic sectors to IPO and list in addition to introducing new financial products. Furthermore, our digital on-boarding drive witnessed remarkable achievements with the expansion of Investor Numbers (NIN) issuance and IPO subscription through online channels of both DFM and its business partners including; brokerage firms, financial and banking institutions, etc.”

Earlier this month, HSBC became the first international General Clearing Member to join the Dubai Financial Market.

Read: HSBC becomes first international general clearing member on Dubai Financial Market