Dubai Financial Market PJSC

Dubai Financial Market PJSC

DFM

1 week

0.00 %

1 month

-0.01 %

3 months

0.02 %

OverviewInsightsDisclosures

Dubai Financial Market PJSC

Logotype for Dubai Financial Market PJSC
Ticker/ISIN
DFM
AED000901010
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
1.27 AED
2024-10-04

Year to date

-0.09 %

3 months

0.02 %

6 months

-0.12 %

1 year

-0.17 %

3 years

0.00 %

5 years

0.00 %

Country of Origin: United Arab Emirates (U.A.E)

Dubai Financial Market (DFM) – PJSC (the “Company”) is a Public Joint Stock Company incorporated in the Emirate of Dubai – United Arab Emirates, pursuant to decree No. 62 for the year 2007 issued by the Ministry of Economy on February 6, 2007, and is subject to the provision of the UAE, Federal Law No. 8 for the year 1984 and its amendments.

The licensed activities of the company are trading in financial instruments, acting as commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage local and foreign shares and bonds. In accordance with its Articles of Association, the Company complies in all its activities, operations and formalities with the provisions of Islamic Shari’a and shall invest its entire fund in accordance with these provisions.

The company’s shares are listed on the Dubai Financial Market (“DFM”). The company currently operates the Dubai Stock Exchange, related clearing house and carries out investment activities on its own behalf.

The ultimate parent and controlling party is the Government of Dubai which owns 80% of DFM through Borse Dubai Limited (the “parent”), a Government of Dubai entity.

Latest Pressrelease Summaries

GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not achieve the required quorum, with only 41.58% attendance. Consequently, a second meeting is planned for Wednesday, October 9, 2024, at 11:00 a.m., to be conducted via modern visual communication methods. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The Dubai Financial Market (DFM) has announced the margin parameters for various futures contracts effective from October 9, 2024. These parameters include the base margin percentage, currency, base margin per contract, and spread margin per contract for different underlying symbols such as AIRARABIA, AlANSARI, ARMX, DEWA, and others. The margin percentages range from 5% to 17%, with margins specified in AED or USD depending on the contract. Detailed guidelines on margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the DFM website, and it is noted that the information may change. It is emphasized that this document does not replace the official DFM Regulated Derivative Contract Trading Regulation, which takes precedence in case of any discrepancies.
The Dubai Financial Market announced that a new series of equity futures contracts for January 2025 will be available for trading starting October 10, 2024. The contracts, which cover various securities, will be listed on October 10, 2024, and will be de-listed on January 16, 2025. The announcement and further details can be found on the Dubai Financial Market's website. The information in the announcement is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any inconsistencies.
The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from September 30, 2024, to October 4, 2024. During this period, the Dubai Taxi Company PJSC had a short sell trade volume of 2,000 with a trade value of AED 5,380. Salik Company PJSC had a short sell trade volume of 6,400 with a trade value of AED 27,200. For more information on regulated short selling, refer to the DFM Market Rules and Procedures. The announcement is available on the DFM website. The information provided is subject to change, and DFM is not liable for any losses incurred from using this data.
GFH Financial Group has scheduled its Ordinary General Meeting for October 2024. The agenda includes: 1. Approving the minutes of the previous meeting held on 24 March 2024. 2. Approving the Board of Directors' recommendation to establish a Sukuk Programme worth up to $500 million through a Special Purpose Vehicle (SPV), subject to necessary regulatory approvals. 3. Approving modifications and an offer related to the 2020 Sukuk issuance, including early redemption for cash of outstanding certificates. 4. Delegating powers to the Board of Directors to manage the Sukuk Programme establishment and the Offer, including obtaining necessary regulatory approvals and conducting essential procedures. 5. Delegating powers to the Chief Executive Officer to execute the Sukuk Programme and the Offer, including obtaining necessary approvals and conducting essential procedures. 6. Discussing any other matters as per Article 207 of the Commercial Companies Law. The meeting will be held via video conferencing on 2 October 2024, with alternative dates set for 9 October 2024 and 16 October 2024 if the legal quorum is not met.
The weekly trading summary for DFM Regulated Short Sell Transactions from 23 September 2024 to 27 September 2024 reports that there were no RSS trades during this period. For more information on RSS, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement can also be found on the DFM website. Note that the information provided is subject to change and DFM is not liable for any losses resulting from the use of this data.
The Dubai Financial Market has issued an announcement regarding the expiry settlement prices for Micro GME Oman Crude Oil Futures contracts expiring in September 2024. The settlement price for the contract series code OMOIL X24 is 74.36 USD. This information is available on the Dubai Financial Market's website. The document includes a disclaimer stating that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
A new contract series for Micro DME Oman Crude Oil Futures, specifically the November 2025 contract, will be available for trading starting September 24, 2024. The contract, identified by the symbol OMOIL X25 and ISIN OIL2309 25001, will be listed on September 24, 2024, and de-listed on September 23, 2025. Further details can be found on the Dubai Financial Market website. Note that the information provided is subject to change and should not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

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DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on UFC shares after disclosing the results of its BOD meeting
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on UFC shares starting from 12:00 PM as its BOD meeting is being held today, 11/01/ 2024 and until results are disclosed
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on TAKAFUL-EM shares after disclosing the results of its BOD meeting
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on TAKAFUL-EM shares starting from 2:00 PM as its BOD meeting is being held today, 10/01/2024 and until results are disclosed
DFM News

DFM News

News Update From Dubai Financial Market PJSC

Derivative News: Future contracts – New Contract Series

A new series of equity future contracts for April 2024 will be available for trading from 11th January 2024. The contracts cover a range of securities including AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. The contracts will be delisted on 18th April 2024. The announcement was issued by the Dubai Financial Market and is available on their website.

1. Attached Document

DFM News

DFM News

News Update From Dubai Financial Market PJSC

Derivative News: Future Contracts - Margin Parameters

The Dubai Financial Market (DFM) has released new margin parameters for various underlying symbols effective from 9th January 2024. The base margin percentages range from 5% to 12% and are denominated in AED except for OMOIL, which is in USD. The base margin per contract and spread margin per contract are also provided for each symbol. The methodology of margin calculation and types of eligible margin can be found in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. This information is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will prevail in case of inconsistency.

1. Attached Document

DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Dubai Financial Market announces the joining of DTC to DFM general index and DFM Sharia index and the Industrial sector index, as of today, January 08, 2024
FinanceMan

FinanceMan

Commented on Dubai Financial Market PJSCs

Can I invest in Dubai Financial Market?
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hassanmian

That sounds awesome
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FinanceMan

Absolutely! The Dubai Central Securities Depository (Dubai CSD) is open to people from any country, regardless of their nationality. Whether you're an individual or a company, you can easily apply for an Investor Number (NIN) with Dubai CSD. This NIN allows you to trade securities listed on both DFM and Nasdaq Dubai. So, no matter where you are in the world, you can get involved in trading through Dubai CSD.
FinanceMan

FinanceMan

Commented on Dubai Financial Market PJSCs

Who owns Dubai Financial Market?
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FinanceMan

Dubai's government, represented by Borse Dubai Limited, owns about 79.63% of DFM (Dubai Financial Market). Additionally, the same company holds a 67% share in NASDAQ Dubai Limited, which is involved in the electronic financial market sector. In simpler terms, the Dubai government has a significant ownership stake in DFM, and through a related company, it also has a substantial interest in NASDAQ Dubai, which operates in the digital financial market.
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Reminder: General Assembly of MAZAYA is being held on 04/01/2024

1. Attached Document

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