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Dubai Financial Market Annual Stock Game 2017 Reaches Turnover of AED 2.6 Billion
May 22, 2017
The 15th Dubai Financial Market (DFM) Stock Game has ended with total traded value reaching AED 2.6 Billion from 17629 transactions, and the top 13 participants achieving average profit of 6%. The annual competition aimed at sharpening the skills of university and school students in the UAE and abroad.
 
The winners of the competition received prizes to honour their success at a ceremony attended by Jamal Al Khadhar, Executive Vice President, Head of Strategic Planning and Human Resources Division of DFM as well as representatives of the educational institutions involved.
 
The competition reflected the exchange’s commitment to increasing financial understanding and upgrading the skills of the younger generation, as well as helping students put capital markets theory into practice. This year’s Stock Game ran between 26 April and 11 May 2017 and attracted 1867 students from 25 educational institutions.
 
Tarek Zubair from American University of Sharjah took first place winning a prize of 15,000 Dirhams, with Huda Dajani from University of Sharjah in second place with 10,000 Dirhams. Third was Ahmad Jawdat from the American University in the Emirates who won 5,000 Dirhams. Ten other students also won cash prizes. American University in the Emirates was awarded a prize for having the most participants overall. Additionally, DFM has celebrated the 15th anniversary of the competition.
 
Jamal Al Khadhar, Executive Vice President, Head of Strategic Planning and Human Resources Division, DFM said, “DFM is pleased to see the Stock Game maintaining its momentum, growth and popularity yearly. The competition has become an established annual fixture that students are keen to take part in. This plays an important role in disseminating knowledge of the financial markets to the rising generation. We would like to thank educational institutions for playing an essential part in the success of the annual competition since it started.”
 
Students taking part said the competition helped them understand how to trade in real life and deepened their knowledge of the financial markets. Each competitor began with a notional 1 million Dirhams and used it to trade during the real trading hours of the exchange, with real equity prices being displayed.

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