Dubai Financial Market (DFM) announced today its financial results for the first half of the year ending June 30, 2019, which showed a net profit of AED 65.1 million, a 21% decline compared to a profit of AED 82.8 million for the corresponding period of 2018. Net profit for the second quarter of this year was AED 37 million compared to AED 33.9 million in the corresponding period of 2018, an increase of 9%. The market attracted 904 new investors during the first half of 2019.
The total value of the market traded during the first half of 2019 decreased by 31.5% compared to levels in the same period of 2018 to reach 25 billion dirhams.
The Dubai Financial Market (DFM), Eisa Kazim, said that the decline in the value of DFM's trading was in line with the general trend in the international financial markets. The value of trading declined by 74% during the first half compared to the same period of 2018.
"On the other hand, the general index of the market rose by 5% in the first half of 2019, contrary to the downward trend in the majority of global markets.
He added that the market maintained its attractiveness to foreign investment during the first half of this year. Non-UAE foreign investors recorded a net purchase of AED 870 million. The market attracted 904 new investors, including 90 investment institutions, bringing the total number of registered investors to 844,282 investors.