The Company recorded a total revenue of AED 163.5Million in H1-2019 compared to AED 182.4 Million during H1- 2018. The revenue comprised of AED 88.8 Million of operating income and AED 74.7 Million of investment returns. The Company expenses reached AED 98.4 Million compared to AED 99.6 Million recorded during H1-2018. During the second quarter of 2019, the Company’s revenue reached AED 85.6 Million compared to AED 83.3 Million in the second quarter of 2018, whilst expenses amounted at AED 48.6Million in the same period compared to AED 49.4 Million during Q2- 2018.
It is noteworthy that during the first six months of 2019, the DFM trading value decreased to AED 25 Billion, a 31.5% decrease compared to the corresponding period of 2018. Trading commissions represent the main revenue stream of the DFM Company.
His Excellency Essa Kazim, Chairman of the Dubai Financial Market Company (PJSC) said: “The decline in DFM’s trading value echoes the prevailing trend of international exchanges during the first half of the year, as 74% of the global exchanges registered a decline in their traded value during the first five months of this year compared to the same period of 2018. Meanwhile, the DFM General Index has advanced 5% and we believe that this reasonable growth is a good indication considering the down trend that prevailed in most of exchanges globally, as 47 exchanges, representing two thirds of the members of the World Federation of Exchanges (WFE) have witnessed a decline in their indices. We are looking forward to see this good indication gaining further momentum during the coming period considering DFM’s world-class infrastructure and lucrative opportunities supported by the national economy’s dynamism and good growth rates.”