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Dubai Financial Market Q1 profit down 8.4%
Stock market operator says “positive indications [allow] us to look forward more optimistically.”
May 1, 2010 4:31 by Ben Flanagan
Stock market operator Dubai Financial Market saw an 8.4 percent fall in first-quarter net profit but sees “significant stability” ahead, according to a report by Reuters.
The firm made AED53.6 million in the three months ended March 31, compared to AED58.5 million in the first quarter of last year.
“Market performance during the last few months shows positive indications for significant stability and relative progress which allows us to look forward more optimistically,” DFM’s executive chairman Essa Kazim said in a statement.