Dubai – Mubasher: The net profits attributable to the shareholders of Dubai Financial Market Company (DFM) hit AED 35.59 million in the first quarter (Q1) of 2023, an annual jump of 30% from AED 27.45 million.
Total income increased to AED 90.09 million in Q1-23 from AED 79.43 million in Q1-22, according to the unaudited financial results.
The basic and diluted earnings per share (EPS) stood at AED 0.004 in January-March 2023, higher than AED 0.003 in the year-ago period.
In the first three months (3M) of 2023, the total assets reached AED 9.57 billion, versus AED 9.49 billion as of 31 December 2022.
Helal Saeed Al Marri, Chairman of DFM, said: “DFM’s trading value reached AED 19 billion during Q1-23 compared to AED 22.8 billion during the corresponding quarter of 2022."
“The DFM General Index advanced 2.1% and the market cap increased 2.4% to AED 596 billion from its level at the end of 2022,” Al Marri continued.
He underlined: “Foreign investors maintained their strong presence through a market share of 56% of trading value during Q1 and net purchases of AED 636 million, while their ownership reached 19% of the market cap at the end of March 2023.”
Last year, DFM registered net profits attributable to the owners valued at AED 147.11 million, up 41.70% from AED 103.84 million in 2021.
