Dubai Financial Market Announces Expiry Settlement Prices for April 2024 Equity Futures Contracts

The Dubai Financial Market (DFM), a major player in the UAE's financial sector, recently unveiled the expiry settlement prices for its Equity Futures Contracts due in April 2024. The prices vary from 0.131 AED to 16.750 AED across different contract series, reflecting the diverse range of investment opportunities available to traders and investors alike.

DFM, being a Public Joint Stock Company, operates under the regulations of the UAE Federal Law and abides by the provisions of Islamic Shari’a in all its operations. The company's shares are listed on its own platform, with the Government of Dubai being the ultimate parent entity, owning 80% of DFM through Borse Dubai Limited.

Despite the volatility in global financial markets, DFM's strong governance and robust financial position, backed by the Government of Dubai, make it a promising investment avenue. The company's 3-month yield stands at 0.03%, while the 1-month yield is at 0.06%. With a market cap of 10.8 billion, DFM holds a significant position in the market.

It's important to note that the information released by DFM is subject to change and should not be considered as a substitute for the relevant Dubai Financial Market Regulated Derivative Contract Trading Regulation. Investors are encouraged to thoroughly review the details and regulations before making any investment decisions.

Given the current market conditions and the strong backing of the Government of Dubai, the future of DFM looks promising. The company's commitment to adhering to Islamic Shari’a provisions and its robust financial position make it an attractive option for investors seeking long-term growth and stability.