2010 - Bad year for Dubai Financial Market

Published January 6th, 2011 - 07:39 GMT
Dubai Financial Market
Dubai Financial Market

The market value of the Dubai Financial Market fell 6.6% at the end of 2010 to reach 199.1 billion dirhams (some US$54 million), compared to 213.2 billion dirhams recorded at the end of 2009.


The index of the Dubai Financial Market declined by 9.6% at the end of last year to reach 1630.5 points compared to 1083.6 points at the end of 2009.


According to the annual financial statement issued by the Dubai Financial Market about its performance in 2010 that the value of traded shares amounted to 69.7 billion dirhams compared to 173.5 billion dirhams recorded in 2009, a decrease of 59.8% as the number of shares traded increased by 65.3% to 38.4 billion shares last year compared to 110.7 billion shares traded in 2009.


The statement, which reported the UAE news agency "WAM" indicated that the number of transactions executed during the past year fell by 60% to about 795 thousand transactions compared to about two million transactions in 2009.


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