Monday, 9 May 2011

96% slump in DFM Q1 profits as Arab unrest hits trading volumes « ArabianMoney

The wider impact of the Arab uprisings on investment sentiment was underlined by a 96 per cent slump in first-quarter profits at the Dubai Financial Market to just $594,000, with average daily trading volumes down from 235 million a year ago to 116 million.

There are calls from senior exchange and regulatory officials for a merger with the Abu Dubai Securities Exchange but this remains a political issue rather than one with practical obstructions.


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