Dubai Financial Market (DFM), the Gulf Arab region's only listed bourse, posted a sharp rise in quarterly profits thanks to increased trading on the exchange, it said on Monday.
The firm, which includes Nasdaq Dubai, made a first quarter net profit of 30.5 million dirhams ($8.3 million) in the quarter ended March 31, up from 2.2 million in the prior-year period.
Total revenue rose 42 percent to 69.1 million dirhams from 48.7 million dirhams last year.
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