DFM to expand equity futures prospects with new contracts

DUBAI / WAM

The Dubai Financial Market (DFM) on Tuesday announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Aramex, Air Arabia and Emirates Integrated Telecommunications Company (DU), on April 18 2021, in line with strategy to diversify investment opportunities.
Similar to the inaugural equity futures contracts launched on October 18, 2020 on stocks of five listed companies namely; Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development and Emaar Malls, the new contracts will have tenures of 1, 2 and 3 months. Commenting on this, Hassan Al Serkal, CEO of DFM said, “The new contracts are part of our plan to expand the range of contracts, creating new opportunities for investors. We are pleased with the growing interest from investors seeking to diversify and hedge their portfolios and access leverage in order to maximise transactions and returns.”
Total value of trading on contracts of five leading listed companies reached AED57 million with 184,345 contracts.