DFM plans to launch new equity futures contracts on three listed companies

SourceMubasher
SectorFinancial Markets
CountryUAE

Dubai – Mubasher: The Dubai Financial Market (DFM) plans to launch new equity futures contracts on individual stocks of three listed companies on 18 April 2021 to diversify investment opportunities. The three companies comprise Aramex, Air Arabia, and Emirates Integrated Telecommunications Company (DU), according to a press release on Tuesday. The tenures of the new equity futures contracts will extend to up to three months, similar to the inaugural equity futures contracts launched on 18 October 2020 on stocks of five listed companies, including Emaar Properties, Dubai Islamic Bank (DIB), and Emirates NBD. The total value of trading on contracts of the five listed companies amounted to AED 57 million with 184,345 contracts.

The CEO of DFM, Hassan Al Serkal, said: "The planned new contracts are part of our plan to expand the range of contracts, creating new opportunities for investors." Al Serkal added: "The equity futures are also attracting an increased number of licensed brokerage firms that are actively participating in trading activity and market-making on the futures contracts." ...read more...