Dubai financial market plans to introduce new equity futures


The Dubai Financial Market (DFM) has announced its intention to launch new equity futures contracts on the individual shares of three listed companies on September 19, 2021.

The new contracts will include shares of Dubai Investments, DFM Company and Shuaa Capital.

The new equity futures will bring the total number of contracts to 33 on the individual stocks of 11 listed companies with one, two and three month terms, according to a statement. This decision is part of its strategy to diversify investment opportunities.

Since its launch on October 18, 2020, the DFM equity futures market has witnessed active participation by investors and brokers, the statement added. The total value of contract transactions reached 119 million Dhs through 336,000 contracts negotiated.

Hassan Al Serkal, CEO of DFM, said: “The rapid expansion of the DFM equity futures market underscores our commitment to diversify opportunities. It also responds to the growing investor demand for this product as they seek to diversify and hedge their portfolios as well as access leverage to maximize their trades and returns.

Investors can trade DFM stock futures through eight brokerage firms, including BHM Capital Financial Services, Al Ramz Capital, International Securities, EFG Hermes (UAE), Mena Corp Financial Services, SICO Financial Brokerage, Al Dar Shares and Bonds and Arqaam Securities.

DFM waived the minimum trading commission from September 1 and announced last month that it would extend the trading time to five hours per day from October 3.

Read: Dubai Financial Market Removes Minimum Trading Commission From September 1

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