Thursday 27 October 2011

Losses widen at DFM Company - The National

Dubai Financial Market Company (DFMC), the only Gulf stock market to sell shares to the public, said third-quarter losses tripled as trading volumes reached historic lows.

Losses widened to Dh9.28 million (US$2.5m), compared with a loss of Dh2.95m in the same period a year ago.

"The constant drop in trading values overshadowed the company's revenue," a company statement said.

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