Saturday 4 August 2012

Traders to weigh impact of DFM result - The National

Investors this week will be digesting second-quarter results from Dubai Financial Market Company, the only publicly traded stock market in the Arabian Gulf.

The company posted a fall in profits of 31 per cent as trading volumes sank to summer lows. Net income reached Dh10.2 million in the quarter ending on June 30 compared with the same period last year.

Analysts polled by Reuters expected the bourse to post a quarterly profit of Dh4m, a 72 per cent decline from Dh14.71m last year.

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