Dubai Financial Market
Encyclopedia : D : DU : DUB : Dubai Financial Market
The Dubai Financial Market (Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. Founded in March 26, 2000.
There are about 40 companies listed (as of June 2006) on DFM, most of them local UAE companies and a few from other Gulf countries with dual listings. Some of the companies allow foreigners to own their shares.
During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble has burst and share values dropped by around 60% on DFM, along with similar decreases in most other Gulf stockmarkets.
DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Market (ADSM) also lists mostly UAE companies and the recently opened Dubai International Financial Exchange (DIFX) aims to trade international stocks.
External links
- [www.dfm.ae] - DFM Website
- [www.sca.ae] - Emirates Securities and Commodities Authority (market regulator)
- [www.sharewadi.com] - Information and discussion about UAE stocks
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