Dubai Financial Market Announces Expiry Settlement Prices for Micro DME Oman Crude Oil Futures Contracts

Dubai Financial Market (DFM) PJSC, a leading financial institution in the UAE, recently announced the expiry settlement prices for its Micro DME Oman Crude Oil Futures Contracts, set to expire in November 2023. This contract, bearing the series code OMOIL F24, has an expiry settlement price of 82.67 USD. It's important to note that this information is subject to change and should not be seen as a substitute for the relevant Dubai Financial Market Regulated Derivative Contract Trading Regulation. DFM PJSC is a Public Joint Stock Company incorporated in the Emirate of Dubai, with a current market cap of 11,280,000,000. The company is licensed to trade in financial instruments, act as a commercial, industrial, and agricultural holding and trust company, and provide financial investment consultancy. It also brokers local and foreign shares and bonds. The company's shares are listed on the Dubai Financial Market, and it operates the Dubai Stock Exchange, related clearing house, and carries out investment activities on its own behalf. The Government of Dubai, which owns 80% of DFM through Borse Dubai Limited, is the ultimate parent and controlling party. The recent announcement of the expiry settlement prices is a significant event in the company's trading activities. The futures contracts are a financial instrument that allows traders to lock in a price for the underlying commodity, in this case, crude oil. The settlement price of 82.67 USD is a crucial figure for traders holding this contract, as it determines their profit or loss. Despite the recent fluctuations in the 1-month and 3-month yield, the company's performance should be viewed in the context of the broader market trends and the potential impact of global economic factors. Given the current market conditions and the company's performance, a neutral stance is suggested for potential investors.