Английская Википедия:Dubai Financial Market

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Шаблон:Short description Шаблон:Use mdy dates Шаблон:Infobox exchange The Dubai Financial Market (DFM) (Шаблон:Lang-ar) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000.

Overview

Шаблон:As of, there are 67 companies listed on DFM. Most of them are UAE-based companies and a few others are dual listings for companies based in other MENA region countries. Foreign companies are from the following countries: Kuwait, Bahrain, Oman, and Sudan. Many companies allow foreigners to own their shares.

During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.

DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Exchange (ADX) also lists mostly UAE companies and NASDAQ Dubai was set up to trade international stocks.

DFM and ADX are both governed and regulated by the Securities and Commodities Authority (SCA). SCA has the authority to impose laws and standards in which DFM and ADX have to comply with. SCA's role is to ensure that the laws are followed by the exchanges as well as to protect investors’, brokers’ and listed companies’ rights.

On the other hand, NASDAQ Dubai is governed to international standards by an independent regulator called the Dubai Financial Services Authority (DFSA), which is equivalent to the Securities and Exchange Commission in the United States. Unlike DFM and ADX, NASDAQ Dubai, located in Dubai International Financial Centre (DIFC), is an electronic exchange with no trading floor.

DFM was fully owned by the Government of Dubai until November 2006 when it turned into a public joint-stock company through an IPO, which led to sell 20% of its shares to the public and 80% were subscribed by Borse Dubai, which is owned by Dubai government. As a matter of fact, DFM's IPO has been oversubscribed by 118 times.

Like the revenue, DFM's net profit dropped sharply from the period ended 2007 till 2011. In 2007, DFM profits reached 1,439.6 million including none operational profits coming from IPO of AED 468 million. In 2008, profits were AED 605 million. The next year, in 2009, the profit dropped even further and reached 346.62. In 2010, another drop took place and profits reached AED 79 million. In 2011, DFM recorded a loss of AED 6.45 million. From the trend, one can imply that the situation is not improving, but is deteriorating year after year. DFM BOD members, executives, and managers are working hard to get out DFM from this unforeseen dilemma. Due to the consistent efforts of the DFM BOD members and management team, DFM was able to turn over the situation in 2013 and gain a +608.5% growth in net profits, to become AED 285 million from the AED 35 million in the previous year. and the following year the market have occurred profits of AED 759 million with a growth rate of 166.3%. The next three years the market saw a sharp decline in profit to hit AED 233.5 million in 2017.

Listed companies

Banks

Company title Symbol
Ajman Bank AJMANBANK
Al Salam Bank – Bahrain (B.S.C.) SALAM_BAH
Al Salam Sudan Bank ALSALAMSUDAN
Amlak Finance AMLAK
Commercial Bank of Dubai CBD
Dubai Islamic Bank DIB
Emirates Islamic Bank EIB
Emirates Investment Bank EIBANK
Emirates NBD EMIRATESNBD
Gulf Finance House GFH
Mashreqbank MASQ

Emirates Bank International (EBI) and National Bank of Dubai (NBD) had been merged to form a holding company to run both entities named Emirates National Bank of Dubai (ENBD), this merger resulted in cancelling both shares and issuing a new one listed on the October 16, 2007.[1]

Both AMLAK and TAMWEEL were suspended from trading since the November 23, 2008 as they announced a merger action.[2]

Investment and financial services

Company title Symbol
Al Ansari Financial Services ALANSARI
Al Madina for Finance and Investment Company ALMADINA
Al Salam Group Holding ALSALAMKW
Dubai Financial Market DFM
Dubai Investments DIC
Ekttitab Holding Company EKTTITAB
Gulf General Investments Company GGICO
International Financial Advisors IFA
SHUAA Capital SHUAA

Insurance

Company title Symbol
Alliance Insurance ALLIANCE
Al Sagr National Insurance Company ASNIC
Arab Insurance Group ARIG
Arabian Scandinavian Insurance ASCANA
Dubai Insurance Company DIN
Dubai Islamic Insurance and Reinsurance Company AMAN
Dubai National Insurance and Reinsurance DNIR
Islamic Arab Insurance Company SALAMA
National General Insurance Company NGI
Oman Insurance Company OIC
ORIENT Insurance ORIENT
Takaful Emarat TAKAFUL-EM
Takaful House DARTAKAFUL

As of July 27, 2009, the trading symbol for the Islamic Arab Insurance company (IAIC) will be changed into SALAMA.[3]

Real estate and construction

Company title Symbol
Al Mazaya Holding Company MAZAYA
Arabtec Holding ARTC
Deyaar Development DEYAAR
Drake & Scull International DSI
Dubai Development Company DDC
Emaar Malls Group EMAARMALLS
Emaar Properties EMAAR
FIDU PROPERTIES FIDU
Union Properties UPP

Transportation

Company title Symbol
Agility Logistics AGLTY
Air Arabia AIRARABIA
Aramex ARMX
Gulf Navigation Holding GULFNAV

Industrials

Company title Symbol
National Cement Company NCC
National Industries Group Holding NIND
SALIK COMPANY PJSC SALIK

Consumer staples

Company title Symbol
Dubai Refreshments Company DRC
Emirates Refreshments Company ERC
Gulfa Mineral Water and Processing Industries GULFA
Marka MARKA
United Foods Company UFC
United Kaipara Dairies Company UNIKAI

Telecommunications

Company title Symbol
Emirates Integrated Telecommunications Company DU
Hits Telecom Holding HITSTELEC

Services

Company title Symbol
Burojozon Realestate brokerage LLc Burojozon
smart investment properties Company

Also, those securities listed on NASDAQ Dubai are included on the exchange.[4]

See also

References

Шаблон:Reflist

External links

Шаблон:Asian Stock market indices Шаблон:United Arab Emirates topics Шаблон:World Federation of Exchanges Шаблон:Authority control