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Dubai Financial Market Q3 Net Profit Rises 85%

Dubai Financial Market Q3 Net Profit Rises 85%

DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.

Dubai Financial Market (DFM), the emirate’s main stock exchange, reported an 85 per cent rise in third-quarter net profit on Monday as bourse turnover increased.

DFM made a net profit of Dhs153.5 million ($42 million) in the three months to Sept. 30, up from Dhs82.8 million in the same period of 2013, it said in a statement.

Global Investment House had forecast DFM’s quarterly profit would be Dhs160 million.

The traded value of DFM stocks rose 60 per cent to Dhs78.4 billion in the third quarter, up from Dhs49 billion a year earlier.

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