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FINANCIAL NEWS
Dubai Financial Market profit soars in Q1
24 Apr 2014
(MENAFN) Dubai Financial Market (DFM) announced a better-than-expected net profit increase in the January-March period of this year, Arabian Business reported.
The Gulf’s only listed bourse said that its net profit hit USD58.6 million in the quarter, increasing from USD7.3 million in the same period a year ago.
The trading activity in Dubai gained strongly in as the equity market in the emirate recovered from the global financial crisis. DFM’s main source of income is trading commissions.
DFM said that the value of traded securities soared 429 percent in the three-month period to nearly USD30 billion. The exchange’s revenue surged 289 percent to USD69.5 million, while operating expenses increase to USD11 million.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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