The Dubai Financial Market in the UAE announced this morning its intention to launch modern future share contracts on all individual shares of three leading companies listed in the market, namely: Dubai Investments Company, Dubai Financial Market Company, and Shuaa Capital Company, starting from September 19 this year. As part of its strategy to diversify investment opportunities.
In a related context, the expected contracts will raise the number of contracts traded in the market to thirty-three contracts on individual shares for eleven listed companies, with the contract terms extending to one month, two months and three months, according to a press release.
In this regard, the futures market will witness increasing interest from investors and brokerage firms alike. The total trading value since its launch on October 18 has reached 119 million dirhams through trading of 336 thousand contracts.
Meanwhile, Hassan Al Serkal, CEO of the Dubai Financial Market, revealed: All investors can trade futures contracts in the Dubai Financial Market through 8 brokerage companies, which are: BHM Capital for Financial Services, Al Ramz Capital International Securities, and EFG Hermes (UAE). , Mena Corp for Financial Services, SICO Brokerage, Al Dar for Stocks and Bonds, and Arqaam Securities.