Dubai Financial Market Releases Weekly Summary on Regulated Short Selling Activities
The Dubai Financial Market (DFM) has released its weekly summary of regulated short selling (RSS) activities for the period from June 3 to June 7, 2024. This report provides key insights into the short selling trades executed on the DFM during this period.
Summary
The Dubai Financial Market (DFM) has issued its weekly summary of regulated short selling activities for the first week of June 2024. The report highlights the short sell trade volume and value for Gulf Navigation Holding PJSC.
Dubai Financial Market Releases Weekly Summary on Regulated Short Selling Activities
The Dubai Financial Market (DFM), a cornerstone of the UAE's financial landscape, has released its weekly summary on regulated short selling (RSS) activities for the period from June 3 to June 7, 2024. The report sheds light on the short selling trades executed on the DFM during this timeframe, providing valuable insights for investors and stakeholders.
According to the summary, the short sell trade volume and value for Gulf Navigation Holding PJSC (symbol: GULFNAV) were recorded at 3,000 shares and AED 20,640.00, respectively. This data is crucial for market participants as it reflects the trading dynamics and investor sentiment towards this particular security.
The DFM, established by decree in 2007 and operating under the UAE Federal Law No. 8 of 1984 and its amendments, is a Public Joint Stock Company with a market capitalization of AED 10.8 billion. The company is renowned for its adherence to Islamic Shari'a principles in all its activities and investments, ensuring ethical and compliant financial operations.
As the operator of the Dubai Stock Exchange and its related clearing house, DFM plays a pivotal role in the region's financial ecosystem. The ultimate parent and controlling party of DFM is the Government of Dubai, which owns 80% of the company through Borse Dubai Limited.
For those interested in the intricacies of regulated short selling, the DFM provides comprehensive resources, including the Market Rules Module Three Membership, Trading, and Derivatives Rules & Operational Model and Procedures for Implementation of Regulated Short Selling. These resources are accessible on the DFM website.
In conclusion, while the weekly summary of regulated short selling activities offers a snapshot of the market dynamics, investors should exercise caution and perform thorough due diligence before making any investment decisions. The information provided in the summary is subject to change, and DFM disclaims any liability for losses incurred as a result of using the data.
Given the current market conditions and the specific data provided in the RSS summary, it is advisable for investors to hold their positions in DFM-listed securities until further clarity and market stability are observed.
Source
Summary
**DFM Regulated Short Sell – Weekly Summary** **Summary Period:** 03 June 2024 to 07 June 2024 **Date of Issue:** 07 June 2024 **Weekly Trading Summary:** - **Symbol:** GULFNAV - **Security Name:** Gulf Navigation Holding PJSC - **Short Sell Trade Volume:** 3,000 - **Short Sell Trade Value (AED):** 20,640.00 For more information on Regulated Short Selling (RSS), refer to the DFM Market Rules Module Three and the Operational Model and Procedures for Implementation of Regulated Short Selling available at [DFM Market Rules](http://www.dfm.ae/the-exchange/regulation/market-rules). The announcement is also available on the DFM website at [DFM Market Announcements](https://www.dfm.ae/the-exchange/news-disclosures/market-announcements). **Disclaimer:** The information provided is subject to change and is offered on an "as is" and "as available" basis. DFM is not liable for any direct, indirect, special, or consequential loss resulting from the use of the data and content in this document.
