- Home
- Middle East
- UAE
- Dubai Financial Market to expand equity futures opportunities with launch of 3 new contracts
Dubai Financial Market To Expand Equity Futures Opportunities With Launch Of 3 New Contracts
Umer Jamshaid Published April 06, 2021 | 03:45 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 06th Apr, 2021) The Dubai Financial Market (DFM) today announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Aramex, Air Arabia and Emirates Integrated Telecommunications Company (DU), on 18th April 2021, in line with its strategy to diversify investment opportunities.
Similar to the inaugural equity futures contracts launched on 18th October 2020 on stocks of five listed companies namely; Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development and Emaar Malls, the new contracts will have tenures of 1, 2 and 3 months.
Commenting on this, Hassan Al Serkal, CEO of DFM said, "The planned new contracts are part of our plan to expand the range of contracts, creating new opportunities for investors.
We are pleased with the growing interest from investors seeking to diversify and hedge their portfolios and access leverage in order to maximise their transactions and returns. The equity futures are also attracting increased number of licenced brokerage firms that are actively participating in trading activity and market making on the futures contracts."
It is noteworthy that total value of trading on contracts of five leading listed companies reached AED57 million with 184,345 contracts. This activity has been strongly supported by the active participation of trading members and market makers led by Al Ramz Capital and BH Mubasher Financial Services, as both has been the most active brokers on equity futures since the introduction of this new product.
Related Topics
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago