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Sun 30 Oct 2016 06:48 PM

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Dubai Financial Market Q3 net profit drops 22%

Dubai Financial Market Q3 net profit drops 22%
DFM, Dubai investors, Dubai stock market, Dubai IPO

Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 22 percent fall in third-quarter net profit on Sunday.

Net profit of AED35.4 million ($9.6 million) in the three months to Sept. 30, down from AED45.4 million a year earlier, it said in a statement.

During the first nine months of the year, the value of trades on DFM was AED91.2 billion, down 31 percent from the same period of last year.

Trading commissions are the main source of income for DFM.

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