Dubai market company profits rise 17% to 27.5 million dirhams in the first quarter

net profit grew toDubai Financial Market Company By 17% in the first quarter of this year, to 27.5 million dirhams.

As for revenue, it grew by 7% to AED 78.6 million, less than the expectations of Goldman Sachs, which was at AED 101 million.

The first quarter witnessed an increase in the trading value by 48% to 22.8 billion dirhams.

It is noteworthy that the foreigners’ share of trading approached 46%, while their ownership represented 23% of the market value.

Institutional investors accounted for 51.6% of the total trading value.