Dubai Financial Market
 |
| Type |
Privately held |
| Industry |
Financial Market |
| Founded |
2000 |
| Headquarters |
Dubai, United Arab Emirates |
| Employees |
4718 |
| Website |
http://www.dfm.ae |
The Dubai Financial Market (Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on March 26, 2000.
There are about 57 companies listed (as of August 2007) on DFM, most of them are UAE-based companies and a few dual listings for companies based in other MENA region countries. Many companies allow foreigners to own their shares. Total market cap is around $360bn, which is roughly equal to the market cap of Abu Dhabi Securities Market ($380bn) (as of August 2007). In comparison, the market cap for ExxonMobil (as of Oct. 2008) is $360bn.
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 the recently opened Dubai International Financial Exchange (DIFX) was set up to trade international stocks. DFM is majority owned by Borse Dubai, with 20% of the DFM's shares listed on the DFM platform.
[edit] Listed companies
Please note that Emirates Bank International (EBI) and National Bank of Dubai (NBD) had been merged together 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]
[edit] Investment and Financial services
[edit] Insurance
Please note that as of July 27, 2009, the trading symbol for the Islamic Arab Insurance company (IAIC) will be changed into SALAMA.[3]
[edit] Real estate and Construction
[edit] Transportation
[edit] Building Materials
[edit] Consumer Staples
[edit] Telecommunication
[edit] Utilities
[edit] External links
- DFM – official website
- [1] List of DFM stocks
- Dubai Share Talk – discussion forum for investors in the UAE
- ESCA – Emirates Securities and Commodities Authority (market regulator)
- Share Wadi – information about UAE stocks
[edit] References
