Each contestant will virtually receive one million Dirham to buy and sell shares listed on DFM through its website, based on live prices during trading hours. The winner will receive a cash prize of AED 15,000, while second place wins AED 10,000 and third place AED 5,000. Each winner between 4th-13th places will receive an AED 1,000. The winners of the game will be the students who achieve the biggest amount of virtual money.
Jamal Ibrahim Al Khadhar, Senior Vice President, Head of Strategic Planning and Human Resources Division, DFM said, “Social Responsibility has always been a top priority through DFM’s history and the stock game is one of our early initiatives in this regard. We have been committed to organize the competition yearly since 2003 considering its value and importance as the most popular educational initiative amongst students in the UAE over the past years. We are extremely proud of the success of this competition, which is the outcome of collaboration with various partners of educational institutions in the UAE and abroad. Obviously, students’ enthusiasm to frequently participate in the competition, including postgraduates, provides the strongest indication on its invaluable role. The stock game has seen tremendous progress as we are committed to develop constantly in line with our deep belief in the dynamism of the financial markets as an interesting sector for students. We have collaborated with educational institutions to offer students the opportunity to explore this sector, demonstrate their skills as well as employing their theoretical and academic studies within a virtual trading environment so that they can learn and gain experience”.