The Dubai Financial Market (DFM) today reported that it is planning to dispatch new equity futures contracts on singular loads of three driving recorded companies including; Aramex, Air Arabia and Emirates Integrated Telecommunications Company (DU), on April 18, 2021, in accordance with its methodology to differentiate speculation openings.
Like the inaugural equity futures contracts dispatched on October 18, 2020 on supplies of five recorded companies specifically; Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development and Emaar Malls, the new contracts will have residencies of 1, 2 and 3 months.
Hassan Al Serkal, CEO of DFM said: “The planned new contracts are important for our plan to extend the scope of contracts, setting out new open doors for financial backers. We are satisfied with the developing revenue from financial backers trying to broaden and fence their portfolios and access influence to boost their exchanges and returns. The equity futures are likewise pulling in expanded number of authorized business firms that are effectively partaking in exchanging movement and market making on the futures contracts.”
It is essential that all out estimation of exchanging on contracts of five driving recorded companies arrived at Dh57 million with 184,345 contracts. This movement has been firmly upheld by the dynamic support of exchanging individuals and market creators drove by Al Ramz Capital and BH Mubasher Financial Services, as both has been the most dynamic brokers on equity futures since the presentation of this new item.