Business | Markets
Online stock game winners generate Dh54m profit
Skyline College tops DFM event's sixth edition which saw fierce competition between students from across the region.
- Staff Report
- Published: 00:16 May 19, 2008
Dubai: Dubai Financial Market (DFM) on Sunday awarded the winners of its online stock game, a game which witnessed fierce competition between students of schools, colleges and universities from across the UAE and the region.
The top 13 winners generated Dh54.156 million in 'profit' during the game. Among the participating institutions, Skyline College took home the first three prizes at the competition: Shazad Ali from Skyline College secured the first position, with profits totalling Dh12.939 million; followed by Farah Sabbar with a total profit of Dh10.208 million; and Umar Akram with a total profit of Dh7.563 million.
"This is the sixth year in a row we have held the DFM online stock game, and it has continued to be a resounding success. The positive impact it has had on these students' financial education has been immeasurable," said Mubarak Al Doosari, General Coordinator, DFM online stock game.
This year 28 colleges and universities participated in the event.
"This competition is one of the most prestigious academic events that I like to participate in every year. The game allows me to learn more about the stock market, it teaches to me how to apply what I have learned at university to the market itself," said Shazad Ali, the winner of the DFM online stock game and a student at Skyline College.
"This is the sixth consecutive year Skyline College has participated in the DFM online stock game. It helps students tremendously, particularly those who are studying business and who wish to understand the operations and movements of a financial exchange.
Activities such as these address the theoretical and practical by combining classroom lectures with hands-on learning,." said Professor Nizar Sahwneh, Skyline College.
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