05 Aug 2012
(MENAFN) Dubai Financial Market PJSC (DFM) reported a 31 percent drop in quarterly profits and lower revenue, Bloomberg reported.
The company that runs Dubai bourse said it made USD2.7 million during the second quarter.
Revenue fell by 23 percent to USD13.5 million, while expenses fell 21 percent to USD10.7 million, the company added.
It is worth mentioning that the UAE, the second-biggest Arab economy, has three bourses, Nasdaq Dubai, Dubai Financial Market and Abu Dhabi Securities Exchange.
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