Dubai Financial Market (DFM) reported a significant 74% rise in net profit before tax, reaching AED 195.4 million for the period ending 30 June 2024, compared to the same period in 2023.
The robust financial performance was driven by increased trading activity, higher trade values, and a growing number of investors. DFM's total consolidated revenue rose by 40% to AED 305.7 million, up from AED 218.1 million in H1 2023, including AED 154 million from operating income and AED 151.7 million from investment returns and other income.
Chairman H.E. Helal Saeed Al Marri highlighted the success of the annual Capital Market Summit, which attracted over 1,000 global delegates, reinforcing DFM's position as a leading global listing venue. He emphasized the exchange's commitment to innovation and infrastructure development, aiming to enhance Dubai's stature as a key player in global finance.
Trading metrics showed substantial growth, with a 22% increase in the total number of trades to 1.07 million and a 4% rise in total trading value to AED 48 billion. The DFM also welcomed 72,583 new investors in the first half of 2024, 85% of whom were foreign, with institutional investors making up 66% of the trading value.
News Source: Dubai Media Office
