Tuesday 15 March 2011

Weak trading and global crisis hit DFM profits - The National

Persistently weak trading volumes, compounded by the global financial crisis, sent profits at Dubai Financial Market (DFM) Company down by more than 75 per cent last year.

Similarly weak trading patterns have continued this year, despite improvements in the world's economy, as political unrest has worried investors across the Mena region.

Analysts said the lack of substantial trading volumes on the Dubai market, which are equally weak on Abu Dhabi's stock exchange, could be helped by a merger of the emirates' bourses.

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