The Dubai Financial Market (DFM) has posted a 63 percent increase in its net profit to AED63.4 million ($17 million) compared to AED38.8 million during the corresponding period of 2021.
The net profit of the second quarter of 2022 increased by 134 percent to AED35.9 million compared to Q2- 2021’s level of AED15.3 million.
The Company’s total consolidated revenue reached AED163.8 million in H1-2022 compared to AED136.6 million during H1-2021. The revenue comprised of AED121.4 million of operating income and AED42.4 million of investment income and others.
The DFM said it maintained its attractiveness to international investors, who accounted for 47 percent of its trading value during the first half with net purchases of AED2.6 billion and their ownership reached to 19.8 percent of the total market capitalization by the end of June 2022.
The institutional investors accounted for 53.6 percent of the trading value, which reflects local and international investors’ confidence in the market.
DFM has attracted 70,432 new investors during the first half of this year compared to 1,842 investors, up 38 times compared to its level at the end of the corresponding period of last year, bringing total number of investors to 921,550 investors from 212 countries at the end of June 2021.
International investors accounted for 72 percent of the new investors. Additionally, the DFM has onboarded 426 new institutional investors during the first half, including 303 foreign institutions.
Helal Al Marri, DFM Chairman, said, “The DFM has witnessed a positive performance driven by the increasing interest from various market participants and the deep confidence in its prospects in light of the accelerating steps to implement Dubai’s financial markets development strategy. During the first half, the DFM welcomed the listing of (DEWA), the largest initial public offering in the UAE financial markets’ history.”
Al Marri added that the total trading value increased by 75 percent during the first half of 2022 to AED49.4 billion from AED28.2 billion during the same period of the year 2021, while the total market capitalization of listed securities increased 28.2 percent to AED527 billion compared to end of 2021 level of AED411 billion.