Includes individual stocks of "Aramex", "Air Arabia" and "Du"

Dubai Financial plans to launch 3 new future stock contracts

The market will launch the contracts on April 18th as part of its efforts to diversify investment opportunities.

Archives

The Dubai Financial Market announced yesterday that it intends to launch new futures contracts on individual shares of three leading companies listed in the market, namely, Aramex, Air Arabia and Emirates Integrated Communications (Du), starting on April 18, 2021. .

The market said in a statement that this comes within the framework of its strategy to diversify investment opportunities, explaining that the deadlines of the new contracts extend to one month, two months and three months, similar to the inaugural contracts that were launched on October 18, 2020 on the shares of five listed companies, including: «Emaar Properties», Dubai Bank Al Islami, Emirates NBD, "Emaar Development", "Emaar Malls".

The chief executive of the Dubai Financial Market, Hassan Al Serkal, said, "The three contracts are part of the market’s plan to expand the scope of futures contracts to provide new opportunities for investors."

He added: “We are pleased with the increased interest on the part of investors in this new product in light of their endeavor to diversify their investment portfolios and hedge, in addition to making use of leveraged facilities to enable them to increase transaction volumes and rates of return. Futures contracts also receive similar attention from the side of brokerage firms. In terms of trading and market making. ”

It is noteworthy that the total trading value of futures contracts for the shares of five leading companies listed in the market amounted to 57 million dirhams through 184 thousand and 345 contracts.

Al Ramz Capital and BH Mubasher Financial Services came at the forefront of the most active brokerage firms in terms of trading and making the futures market since the launch of this new product.

Follow our latest local and sports news, and the latest political and economic developments via Google news