Dubai Financial Market
Encyclopedia
The Dubai Financial Market is a stock exchange located in Dubai
, United Arab Emirates. It was founded on March 26, 2000.
There are about 57 companies listed (as of August 2007) on DFM, most of them are UAE-based companies and a few dual listings for companies based in other MENA
region countries. Many companies allow foreigners to own their shares. Total market cap is around $360bn, which is roughly equal to the market cap of Abu Dhabi Securities Market ($380bn) (as of August 2007). In comparison, the market cap for ExxonMobil
(as of Oct. 2008) is $360bn.
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 burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.
DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Exchange
(ADX) also lists mostly UAE companies and the recently opened Dubai International Financial Exchange
(DIFX) was set up to trade international stocks. DFM is majority owned by Borse Dubai
, with 20% of the DFM's shares listed on the DFM platform.
Please note that Emirates Bank International (EBI) and National Bank of Dubai (NBD) had been merged together to form a holding company to run both entities named Emirates National Bank of Dubai (ENBD), this merger resulted in cancelling both shares and issuing a new one listed on the October 16, 2007.
Both AMLAK and TAMWEEL were suspended from trading since the November 23, 2008 as they announced a merger action.
Please note that as of July 27, 2009, the trading symbol for the Islamic Arab Insurance company (IAIC) will be changed into SALAMA.
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
, United Arab Emirates. It was founded on March 26, 2000.
There are about 57 companies listed (as of August 2007) on DFM, most of them are UAE-based companies and a few dual listings for companies based in other MENA
MENA
The term MENA, for "Middle East and North Africa", is an acronym often used in academic, military planning and business writing.The term covers an extensive region, extending from Morocco to Iran, including the majority of both the Middle Eastern and Maghreb countries...
region countries. Many companies allow foreigners to own their shares. Total market cap is around $360bn, which is roughly equal to the market cap of Abu Dhabi Securities Market ($380bn) (as of August 2007). In comparison, the market cap for ExxonMobil
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
(as of Oct. 2008) is $360bn.
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 burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.
DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange [ADSM] is a stock exchange in Abu Dhabi, United Arab Emirates . It was established on 15 November 2000 to trade shares of UAE companies. There are trading locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and Ras Al Khaimah...
(ADX) also lists mostly UAE companies and the recently opened Dubai International Financial Exchange
Dubai International Financial Exchange
NASDAQ Dubai , is a stock exchange opened on September 26, 2005, in Dubai, United Arab Emirates.-Listed products and market status:...
(DIFX) was set up to trade international stocks. DFM is majority owned by Borse Dubai
Borse Dubai
Borse Dubai is a stock exchange in the United Arab Emirates.It is the holding company for Dubai Financial Market and NASDAQ Dubai...
, with 20% of the DFM's shares listed on the DFM platform.
Banks
| Company title | Symbol | |
| Ajman Bank | AJMANBANK | |
| Al Salam Bank – Bahrain (B.S.C.) | SALAM_BAH | |
| Al Salam Sudan Bank | ALSALAMSUDAN | |
| Amlak finance | AMLAK | |
| Arab Emirates Investment Bank | AEIBANK | |
| Commercial bank of Dubai | CBD | |
| Dubai Islamic Bank Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975.-Financial Information:Dubai Islamic Bank , established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIB is a public joint... |
DIB | |
| Emirates NBD | EMIRATESNBD | |
| Emirates Islamic Bank | EIB | |
| Gulf Finance House Gulf Finance House Gulf Finance House is an Islamic investment bank with headquarters in Bahrain Financial Harbour, Bahrain.Gulf Finance House was Euromoneys "Best Islamic Real Estate Finance House" in 2005 and Arabian Businesss "Bank of the Year" in 2006.... |
GFH | |
| Mashreqbank MashreqBank Mashreq PSC is one of the leading financial institutions in the United Arab Emirates , with total assets as of 31 December 2010, of AED 84.8 Billion and net profits of AED803 Million... |
MASQ | |
| Tamweel Tamweel Tamweel is one of the largest real estate developers in the Middle East, based in Abu Dhabi, that was established in March 2004.... |
TAMWEEL |
Please note that Emirates Bank International (EBI) and National Bank of Dubai (NBD) had been merged together to form a holding company to run both entities named Emirates National Bank of Dubai (ENBD), this merger resulted in cancelling both shares and issuing a new one listed on the October 16, 2007.
Both AMLAK and TAMWEEL were suspended from trading since the November 23, 2008 as they announced a merger action.
Investment and Financial services
| Company title | Symbol | |
| Alfirdous Holding PJSC | ALFIRDOUS | |
| Almadina for Finance and Investment | ALMADINA | |
| Bayan Investment Company | BAYAN | |
| Dubai Financial Market | DFM | |
| Dubai Investments Company | DIC | |
| Ekttitab Holding Company K.S.C.C | EKTTITAB | |
| Global Investment House | GLOBAL | |
| Gulf General Investment Company | GGICO | |
| Gulf Petroleum Investment | GPI | |
| International Financial Advisors | IFA | |
| International Investment Group | IIG | |
| SHUAA Capital SHUAA Capital SHUAA Capital , is a United Arab Emirates-based financial institution headquartered in Dubai. Since 1979, SHUAA Capital has established and maintained a leadership position in Investment Banking, Asset Management, Brokerage, Private Equity, Finance, and Research... |
SHUAA |
Insurance
| Company title | Symbol | |
| Alliance Insurance Company | ALLIANCE | |
| Arab Orient Insurance Company | AOIC | |
| Al Sagr National Insurance Company | ASNIC | |
| Arab Insurance Group | ARIG | |
| Arabian Scandinavian Insurance Company | ASCANA | |
| Dubai Insurance Company | DIN | |
| Dubai Islamic Insurance and Reinsurance | AMAN | |
| Dubai National Insurance and Reinsurance | DNIR | |
| Islamic Arab Insurance Company | SALAMA | |
| National General Insurance | NGI | |
| Oman Insurance Company | OIC | |
| Takaful Emarat | TAKAFUL-EM | |
| Takaful House | DARTAKAFUL |
Please note that as of July 27, 2009, the trading symbol for the Islamic Arab Insurance company (IAIC) will be changed into SALAMA.
Real estate and Construction
| Company title | Symbol | |
| Al Mazaya Holding Company | MAZAYA | |
| Arab Heavy Industries | AHI | |
| Arabtec Holding | ARTC | |
| Deyaar Development | DEYAAR | |
| Dubai Development Company | DDC | |
| Emaar Properties Emaar Properties Emaar Properties , based in the United Arab Emirates, is a Public Joint Stock Company listed on the Dubai Financial Market. Established in 1997 with an initial paid-up capital of AED 1 bn, Emaar Properties is currently the Persian Gulf region's largest land and real estate developer... |
EMAAR | |
| Grand Real Estate Projects Company | GRAND | |
| Kuwait Commercial Markets Complex | SHOP | |
| National Real Estate Company | NRE | |
| Union Properties | UPP | |
Transportation
| Company title | Symbol | |
| Agility Agility * Agility is a physical trait of an animal or person, and a component of physical fitness. It is the ability to change the body's position and direction with speed and precision.Agility may also refer to:In Sport:... |
WARE | |
| Air Arabia Air Arabia Air Arabia is a low-cost airline with its head office in the Sharjah Freight Center, Sharjah International Airport, in Sharjah, United Arab Emirates.... |
AIRARABIA | |
| Arab International Logistics Company Aramex Aramex is a global transportation and logistics services company providing a variety of express, logistics, freight forwarding and domestic distribution services. The company was established in 1982 and is headquartered in Amman, Jordan... (Aramex) |
ARMX | |
| Gulf Navigation Holding | GULFNAV | |
Building Materials
| Company title | Symbol | |
| Aerated Concrete Industries Company | ACICO | |
| Al Jazeera Steel Products | ATMI | |
| National Cement Company | NCC | |
| National Industries Group Holding | NIND | |
Consumer Staples
| Company title | Symbol | |
| Dubai Refreshments Company | DRC | |
| Gulf Mineral Water and Processing Industries | GULFA | |
| Jeema Mineral Water Company | JEEMA | |
| United Foods Company | UFC | |
| United Kaipara Dairies | UNIKAI |
Telecommunication
| Company title | Symbol | |
| Emirates Integrated Telecommunications company Du (telco) The Emirates Integrated Telecommunications Company is a telecommunications company in the United Arab Emirates. Although Emirates Integrated Telecommunications Company is its legal name, it was commercially rebranded as du in February 2006... (DU) |
DU | |
Utilities
| Company title | Symbol | |
| National Central Cooling Company (TABREED) | TABREED | |
External links
- DFM – official website
- http://www.dfm.ae/pages/default.aspx?c=1010 List of DFM stocks
- Dubai Share Talk – discussion forum for investors in the UAE
- ESCA – Emirates Securities and Commodities Authority (market regulator)
- Share Wadi – information about UAE stocks