Dubai – Mubasher: The net profits attributable to the owners of the Dubai Financial Market (DFM) jumped by 26% to AED 120.1 million during the first nine months of 2020, compared to AED 95.5 million in the same period of 2019.

The company generated revenues of AED 271 million in the January-September period of 2020, up from AED 241.6 million in the year-ago period, according to the company's financials for the nine-month period ended on 30 September 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.015 in the first nine months of 2020, against AED 0.012 in the corresponding period of 2019.

During the third quarter (Q3) of 2020, the company saw net profits of AED 41.1 million, 35% higher than AED 30.4 million during the same quarter in 2019.

Commenting on the company's performance, the Chairman of the DFM, Essa Kazim, said: "This performance clearly indicates DFM’s resiliency in containing international markets’ volatility due to the repercussions of unprecedented circumstances triggered by the COVID-19 pandemic. Additionally, the DFM has attracted 3194 new investors during the nine months."

Kazim added: "It also maintained its attractiveness to foreign investors with their market share reached 51% of trading activity and to 18% of the market capitalization at the end of September 2020."

It is noteworthy to mention that in the first half (H1) of 2020, the DFM registered a 21% increase in its net profit to AED 78.9 million, compared to AED 65.1 million during the corresponding period of 2019.