DFM Announces November 2024 Equity Futures Prices

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Dubai Financial Market releases settlement prices for November 2024 equity futures, offering insights into the market's trajectory.

DFM Announces November 2024 Equity Futures Prices

Summary

The Dubai Financial Market has released the settlement prices for its equity futures contracts expiring in November 2024. This announcement provides a snapshot of the market's current status and potential future movements. Investors are advised to consider these prices as part of a broader strategy.

The Dubai Financial Market (DFM) has recently unveiled the settlement prices for its equity futures contracts set to expire in November 2024. This announcement is a significant indicator of the market's current dynamics and offers investors a glimpse into future trends.

The settlement prices, listed in AED, include a range of contracts such as AIRARB at 2.910, ANSRI at 0.980, and EMAAR at 9.500, among others. The DFMGI, a key index of the market, is noted at 4729.58, reflecting the aggregated performance of listed companies.

One of the notable aspects of these settlement prices is the diversity in contract values, which range from as low as 0.190 AED for SHUAA to 19.700 AED for ENBD. This variety offers investors multiple entry points depending on their risk appetite and investment strategy.

For investors considering these futures, it's important to integrate this data into a comprehensive investment strategy. The prices alone do not dictate market direction; they should be viewed in conjunction with other market indicators and economic factors.

Given the current market conditions and the settlement prices released, a neutral stance is advisable. The DFM's performance is subject to various external factors, including geopolitical dynamics and economic policies within the UAE. Therefore, the recommendation is to hold, allowing investors to observe further market developments before making significant moves.

In conclusion, while the DFM's November 2024 equity futures settlement prices provide valuable insights, investors should remain cautious and consider a hold strategy. This approach allows for flexibility and the ability to adapt to any market shifts that may occur in the coming months.

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Source

Futures contracts – Expiry Settlement Prices

Summary

The Dubai Financial Market has issued the expiry settlement prices for its equity futures contracts set to expire in November 2024. These prices are listed for various contract series codes, including AIRARB at 2.910 AED, ANSRI at 0.980 AED, ARMX at 2.270 AED, DEWA at 2.490 AED, DEYAAR at 0.905 AED, DFMGI at 4729.58 AED, DFM at 1.410 AED, DIB at 6.500 AED, DIC at 2.100 AED, DU at 7.470 AED, EMAAR at 9.500 AED, EMPWR at 1.730 AED, EMRDEV at 11.400 AED, ENBD at 19.700 AED, GFH at 1.200 AED, SALIK at 5.400 AED, and SHUAA at 0.190 AED. This announcement is available on the Dubai Financial Market's website. The document notes that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

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