Dubai Financial Market Announces July 2024 Equity Futures Settlement Prices
The Dubai Financial Market (DFM) has announced the settlement prices for its equity futures contracts expiring in July 2024. This announcement provides crucial insights for investors and market participants.
Summary
Dubai Financial Market (DFM) has released the settlement prices for its equity futures contracts expiring in July 2024. The announcement covers a range of key contracts, providing essential information for investors.
The Dubai Financial Market (DFM) has recently announced the expiry settlement prices for its equity futures contracts set to mature in July 2024. This announcement, dated 18 July 2024, is a significant development for investors and market participants who closely follow the DFM's movements.
According to the announcement, the settlement prices for various equity futures contracts are as follows:
- AIRARB N24: 2.590 AED
- ANSRI N24: 1.020 AED
- ARMX N24: 2.500 AED
- DEWA N24: 2.320 AED
- DEYAAR N24: 0.713 AED
- DFMGI N24: 4,169.17 AED
- DFM N24: 1.300 AED
- DIB N24: 6.000 AED
- DIC N24: 2.050 AED
- DU N24: 5.950 AED
- EMAAR N24: 8.310 AED
- EMPWR N24: 1.590 AED
- EMRDEV N24: 8.230 AED
- ENBD N24: 17.500 AED
- GFH N24: 1.130 AED
- SALIK N24: 3.410 AED
- SHUAA N24: 0.193 AED
This comprehensive list of settlement prices offers a snapshot of the market's current valuation and provides a benchmark for future trading activities. For investors, these prices are instrumental in making informed decisions, whether they are looking to buy, hold, or sell their positions.
DFM's role as a pivotal financial hub in the United Arab Emirates cannot be understated. With a market capitalization of 10.8 billion AED, the DFM operates the Dubai Stock Exchange and related clearing houses, while also engaging in investment activities. The company's adherence to Islamic Shari'a principles further solidifies its standing in the region.
The involvement of the Government of Dubai, which holds an 80% stake through Borse Dubai Limited, underscores the market's stability and strategic importance. The government's backing provides an added layer of confidence for investors, ensuring a robust and secure trading environment.
Considering the current market dynamics and the settlement prices announced, investors might find opportunities in specific contracts. For instance, the EMAAR N24 contract, with a settlement price of 8.310 AED, could be an attractive option given EMAAR's strong market presence and growth potential. Similarly, the ENBD N24 contract, priced at 17.500 AED, reflects the robust performance of Emirates NBD, one of the leading banks in the region.
In conclusion, the DFM's announcement of July 2024 equity futures settlement prices is a vital update for market participants. It provides a clear overview of the current market valuations and sets the stage for strategic investment decisions. Given the stability and growth prospects of the DFM, it is advisable for investors to consider holding their positions and exploring potential opportunities in the highlighted contracts.
Source
Summary
The Dubai Financial Market (DFM) has issued the expiry settlement prices for Equity Futures Contracts expiring in July 2024. The prices are listed for various contracts, identified by their series codes and ISINs, with prices denominated in AED. The announcement is dated 18 July 2024 and includes detailed settlement prices for 17 different contracts. This information is available on the DFM website. The document also includes a disclaimer noting that the information is subject to change and that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.
