DFM to introduce 3 new equity futures contracts

Dubai: The Dubai Financial Market (DFM) announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Dubai Investments, DFM Company and Shuaa Capital, on September 19, as part of its strategy to diversify investment opportunities.

The new equity futures contracts shall bring total number of contracts to 33 on individual stocks of 11 listed companies with tenures of 1, 2 and 3 months.

Since its launch on October 18, 2020, the DFM equity futures market has been witnessing active participation from investors and brokers alike. Total value of trading on contracts reached to Dh119 million through 336 thousand traded contracts.

Investors can trade DFM equity futures through 8 brokerage firms including; BHM Capital Financial Services, Al Ramz Capital, International Securities, EFG Hermes (UAE), Mena Corp Financial Services, SICO Financial Brokerage, Al Dar Shares and Bonds and Arqaam Securities.