UAE | Education
Dubai Financial Market online stock game proves huge hit
The first week of Dubai Financial Market's (DFM) Online Stock Game for students has been a tremendous success, and DFM has seen enormous portfolio growth by the young people participating.
- Staff Report
- Published: 23:58 April 14, 2008
Dubai: The first week of Dubai Financial Market's (DFM) Online Stock Game for students has been a tremendous success, and DFM has seen enormous portfolio growth by the young people participating.
The game is witnessing fierce competition among students of colleges, universities and schools from across the UAE.
More than 1,500 students participated in the game, and almost 60 per cent of the participants were female. The participants came from 28 educational institutions, including those from outside the UAE such as the Al Bayan Educational Complex (Secondary Stage) in Qatar.
Mohannad Al Zubaidi of UAE University took first place by generating Dh125,000 of virtual profit during the first week. Yazen Assaad Sadaka from UAE University won second place with Dh106,000 of profit, and Urooj Najeeb from Skyline College came a close third, with Dh85,000.
Mubarak Al Doosari, General Coordinator, DFM Online Stock Game, said: "The game reflects DFM's vision to be able to interact with students, educate them about proper investment strategies and teach them how to build a prosperous and healthy economy. The game is a unique interactive experience that helps students to develop their skills in investing. As part of the event, DFM has also conducted more than 50 training courses about the stock game involving many universities, colleges, and schools."
Participants in the online game have the opportunity to trade with a virtual amount of money of up to Dh1 million.
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