Dubai Financial Market PJSC Announces New Contract Series for Micro DME Oman Crude Oil Futures

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Dubai Financial Market PJSC has announced the introduction of a new futures contract series, set for trading from April 2024. We delve into the details and what this means for potential investors.

Dubai Financial Market PJSC Announces New Contract Series for Micro DME Oman Crude Oil Futures

Summary

Dubai Financial Market PJSC has announced a new contract series for June 2025 Micro DME Oman Crude Oil Futures contracts. The contract will be available for trading from April 2024 and de-listed in April 2025. This move suggests a positive outlook for the company's future.

Dubai Financial Market PJSC, a leading financial institution in the United Arab Emirates, has recently announced the launch of a new contract series for June 2025 Micro DME Oman Crude Oil Futures. This contract, identified as OIL230425001 and symbol OMOILM25, will be available for trading from 24 April 2024 and will be de-listed on 23 April 2025.

This move comes as a part of the company's ongoing efforts to diversify its portfolio and offer a wider range of financial instruments to its clients. The introduction of this new futures contract series is expected to attract a new segment of investors, particularly those interested in commodities trading, and thus potentially increase the company's market cap, which currently stands at a staggering 10,800,000,000.

Despite the recent fluctuations in the company's yield rates, with a 3-month yield of 0.01% and a 1-month yield of -0.05%, the company's strategic moves, such as the introduction of this new contract series, reflect its commitment to growth and expansion. The company's strong ties with the Government of Dubai, which owns 80% of DFM through Borse Dubai Limited, also provide a solid foundation and a sense of security for potential investors.

Given the company's strong position in the market, its commitment to growth, and its strategic moves, it is suggested that potential investors consider buying the company's shares. However, as with any financial decision, potential investors should conduct their own research and consider their own financial circumstances before making a decision.

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Source

Future contracts – New Contract Series

Summary

The Dubai Financial Market has announced that the new contract series for June 2025 Micro DME Oman Crude Oil Futures contracts will be available for trading from 24 April 2024. The contract, identified as OIL230425001 and symbol OMOILM25, will be de-listed on 23 April 2025. The announcement and further details can be found on the Dubai Financial Market's website. The information is subject to change and should not replace the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

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