Dubai bourse launches futures contracts on general index

Dubai bourse launches futures contracts on general index

Dubai Financial Market (DFM) has launched futures contracts on its General Index (DFMGI), which includes the most liquid and largest companies listed on the stock exchange. Trading futures contracts offer investors the opportunity to access one of the best-performing indices in the world comprising DFM’s largest and most liquid stocks, including Empower, DEWA, SALIK and the region’s leading blue-chip companies such as Emaar and Aramex. DFMGI futures are the stock exchange’s latest innovative offering to internationalise Dubai’s financial markets and promote market liquidity and depth. The futures will offer strong diversification and hedging opportunities for both retail and institutional investors while boosting professional investors’ participation in the marketplace. “The launch of DFMGI futures is further evidence of our commitment to diversify products and provide investors with unique investment and hedging opportunities,” said Hamed Ali, CEO of DFM. “This is in line with our concerted efforts to bring innovative products to market to increase retail and institutional investor participation while increasing the depth and breadth of the market.” The index posted a robust performance of 4.4 per cent in 2022, which was followed by a strong growth of 6.14 per cent year to date (YTD). The DFMGI futures closely track the