Bourse’s market capitalisation hit $190 billion at the end of the first nine months of this year
The Dubai Financial Market reported an almost threefold jump in its third-quarter net income as trading value and the number of new investors rose.
Profit attributable to shareholders for the three months to the end of September climbed to Dh74.06 million ($20.18 million), from Dh25.64 million for the same period in 2022, the DFM said in a regulatory filing.
Trading commission fees for the June-September period jumped to Dh70.05 million, up from Dh41.08 million a year earlier.
Total income grew by more than 84 per cent on an annual basis to Dh137.91 million.
The rise in earnings underpins the bourse’s “commitment to diversification and our forward-thinking initiatives to position DFM as the marketplace of choice for both investors and issuers”, its chairman Helal Al Marri said.
The DFM said its “notable increase” in the number of trades, overall trading value during the third quarter and influx of new investors reinforces Dubai’s position as a global financial centre.
The robust operational performance also drove the DFM’s net income for the first nine months to Dh186.2 million, up 109 per cent year on year.
The DFM’s total consolidated revenue increased by 48 per cent on an annual basis to Dh351.8 million, driven by Dh214.2 million in operating income and Dh137.6 million in investment returns and other income.
