Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
Dubai Financial Market Company announced its consolidated financial results for the first quarter of the year ending March 31, 2021, reporting a net profit of Dh23.4 Million, a 33 per cent decrease compared to Dh34.7 Million during the corresponding period of 2020.
Essa Kazim, chairman, Dubai Financial Market Company said: “During the first quarter of 2021, the DFM performance indicators have maintained their 2020 positive trajectory in spite of the volatility of international financial markets due to the repercussions of the Covid-19 pandemic. Accordingly, the DFM’s trading value has increased 8.3 per cent to Dh15.4 billion during the first quarter of 2021 compared to Dh14.2 billion during the corresponding quarter of 2020. The DFM has attracted 848 new investors during the first quarter, including 134 institutions, lifting total number of DFM’s investor base to 847,277 investors representing 207 nationalities. Moreover, the DFM maintained its attractiveness to foreign investors with their market share reached to 46 per cent of trading value during the first quarter and to 18.3 per cent of the market capitalisation at the end of March 2021. Foreign investors’ net purchases during the first quarter reached to Dh160.5 million.”
The company’s total consolidated revenue has decreased by 17 per cent to Dh73.4 million in Q1-2021 compared to Dh88.2 million during Q1-2020. The revenues are comprised of Dh45.6 million of operating income and Dh27.8 million of investments returns and others. Meanwhile, operating expenses reached to Dh50 million compared to Dh53.5 million.
“The DFM accelerated its development plans during the first quarter of 2021, with the implementation of initiatives to diversify products and asset classes as well as to provide its large and diversified investor base with new investment opportunities. This included the listing of Al Mal Capital’s REIT, as the first REIT on the market as well as the listing of Chimera S&P UAE UCITS ETF, the second of its kind fund from the company,” Kazim said.
“We are steadfastly strengthening DFM’s position as a main gateway to diversified range of investment opportunities. Currently, the DFM is amongst the leading regional markets in terms of financial product diversification providing equities, equity futures, ETFs, REITs, etc. We are focusing on expanding the range of traded products in order to provide investors with new alternatives investments, which enables them to flexibly manage their portfolios,” Kazim added. — business@khaleejtimes.com
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks