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Trading resumes at Dubai Financial Market with Covid-19 safety measures

Issac John /Dubai
issacjohn@khaleejtimes.com Filed on July 7, 2020
dubai stocks, financial market, covid-19

(KT file)

DFM resumed work from the trading floor in early June with a gradual return of its employees and brokers to work.

The Dubai Financial Market announced that it is reopening its trading floor and customer affairs counters for investors as of Tuesday, signaling that Dubai is back to business as usual after months the Covid-19 induced standstill.

The DFM said in a statement that it would observe the strict implementation of precautionary measures for the safety of clients and employees.

The reopening of the bourse aligns with Dubai's efforts to get back into normal operational mode all economic activities. It has already started welcoming tourists back in the wake of the full-fledged operations at all shopping malls and other tourist attractions.

Hassan Al Serkal, chief operating officer and Head of Operations Division of DFM said that in line with the UAE's remarkable success in containing the pandemic, the exchange is reopening under strict precautionary measures to protect public health and safety of clients and employees alike.

"Safety measures include the usage of thermal measuring devices at the entrance of the trading floor, commitment to safe distance, controlling investors' accessibility to customer affairs counters and guiding them to submit their applications through the smart devices available on the trading floor as well as installing barriers on these counter," said Al Serkal.

Although DFM trading floor and customer affairs counters were temporarily closed mid-March 2020 in line with the measures that the UAE has introduced to contain the pandemic, the bourse has maintained its trading activities as usual.  

The DFM resumed work from the trading floor in early June with a gradual return of its employees and brokers to work. As of June 14, 2020, all DFM employees returned back to office work.

"We encourage market participants to continue utilizing DFM's electronic and smart platform with the same pace witnessed during the past three months," said Al Serkal.

He said the reopening shouldn't substitute the success achieved in terms of accomplishing transactions through DFM smart platforms developed in line with the leadership's vision on digital transformation and as part of the Smart Borse strategy.

"Through these all-inclusive online and smartphone applications, investors can seamlessly accomplish all market services as well as the services of both Dubai CSD and Dubai Clear," Al Serkal said. 

issacjohn@khaleejtimes.com

author

Issac John

Editorial Director of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE's mainstream journalism for 35 years, including 23 years with Khaleej Times. A post-graduate in English and graduate in economics, he has won over two dozen awards. Acclaimed for his authentic and insightful analysis of global and regional businesses and economic trends, he is respected for his astute understanding of the local business scene.


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