Dubai– Mubasher: The net profits of Dubai Financial Market Company (DFM) stood at AED 181.37 million in the first half (H1) of 2024, up year-on-year (YoY) from AED 112.18 million.
Total income increased by 40% YoY to AED 305.69 million in H1-24 from AED 218.11 million, according to the financial results.
Basic and diluted earnings per share (EPS) hit AED 0.02 as of 30 June 2024, an annual rise from AED 0.01.
DFM registered total assets amounting to AED 10.25 billion in H1-24, versus AED 9.83 billion at the end of December 2023.
Income Statements for Q2
In the second quarter (Q2) of 2024, the profits jumped to AED 91.77 million from AED 76.86 million in Q2-23, while the revenues hiked to AED 157.63 million from AED 128.01 million.
Meanwhile, the basic and diluted EPS amounted to AED 0.011 in Q2-24, versus AED 1.010 a year earlier.
Helal Saeed Al Marri, Chairman of DFM, said: "We will continue to deliver value for our stakeholders by focusing on innovation, strengthening our infrastructure, and diversifying our services and product offerings.”
“These efforts reinforce the exchange’s position as a leading financial market in the region, solidifying Dubai's stature as a key player on the global financial stage,” Al Marri continued.
In the first six months (6M) of 2024, the total number of trades reached 1.07 million, reflecting a 22% increase compared to 6M-23. Furthermore, the total trading value rose by 4% to AED 48 billion.
DFM attracted 72,583 new investors in H1-24, 85% of which majority are from foreign countries. Institutional investors accounted for 66% of the trading value, with net purchases by foreign investors standing at AED 1.20 billion.
During Q1-24, the net profits attributable to the owners of DFM reached AED 89.57 million.
