Dubai Financial Market PJSC
About Dubai Financial Market PJSC
Country of Origin: United Arab Emirates (U.A.E)
Dubai Financial Market (DFM) – PJSC (the “Company”) is a Public Joint Stock Company incorporated in the Emirate of Dubai – United Arab Emirates, pursuant to decree No. 62 for the year 2007 issued by the Ministry of Economy on February 6, 2007, and is subject to the provision of the UAE, Federal Law No. 8 for the year 1984 and its amendments.
The licensed activities of the company are trading in financial instruments, acting as commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage local and foreign shares and bonds. In accordance with its Articles of Association, the Company complies in all its activities, operations and formalities with the provisions of Islamic Shari’a and shall invest its entire fund in accordance with these provisions.
The company’s shares are listed on the Dubai Financial Market (“DFM”). The company currently operates the Dubai Stock Exchange, related clearing house and carries out investment activities on its own behalf.
The ultimate parent and controlling party is the Government of Dubai which owns 80% of DFM through Borse Dubai Limited (the “parent”), a Government of Dubai entity.
Latest Pressrelease Summaries from Dubai Financial Market PJSC
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The Dubai Financial Market announced that a new series of equity futures contracts will be available for trading starting on June 13, 2024. These contracts, set to expire on September 19, 2024, include futures for various companies such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. Additional details and updates can be found on the Dubai Financial Market website. The information provided is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any inconsistencies.
**DFM Regulated Short Sell – Weekly Summary** **Summary Period:** 03 June 2024 to 07 June 2024 **Date of Issue:** 07 June 2024 **Weekly Trading Summary:** - **Symbol:** GULFNAV - **Security Name:** Gulf Navigation Holding PJSC - **Short Sell Trade Volume:** 3,000 - **Short Sell Trade Value (AED):** 20,640.00 For more information on Regulated Short Selling (RSS), refer to the DFM Market Rules Module Three and the Operational Model and Procedures for Implementation of Regulated Short Selling available at [DFM Market Rules](http://www.dfm.ae/the-exchange/regulation/market-rules). The announcement is also available on the DFM website at [DFM Market Announcements](https://www.dfm.ae/the-exchange/news-disclosures/market-announcements). **Disclaimer:** The information provided is subject to change and is offered on an "as is" and "as available" basis. DFM is not liable for any direct, indirect, special, or consequential loss resulting from the use of the data and content in this document.
The Dubai Financial Market (DFM) has announced margin parameters for various futures contracts effective June 10, 2024. The announcement lists the base margin percentages and currency amounts required per contract for different underlying symbols such as AIRARABIA, AlANSARI, ARMX, DEWA, and others. The specific margin percentages range from 5% to 13%, with corresponding base margin amounts in AED and USD. The methodology for margin calculation and types of eligible margin can be found in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. This information is subject to change and should be cross-referenced with the official DFM Regulated Derivative Contract Trading Regulation for accuracy. For further details, visit the DFM announcements page.