Markets DFM earnings rise 14% on robust trading volume By Pramod Kumar January 31, 2025, 10:56 AM Wam Foreign investors contributed 50 percent of DFM's total trading value in 2024 compared to 47 percent in 2023 Dubai Financial Market Company, the operator of the Dubai stock exchange, has announced a net profit increase of 14 percent year on year for 2024. The result was driven by robust trading volumes from retail and institutional investors and strong capital inflows, it said. The bottom line stood at AED376.4 million ($102.5 million) last year from AED329.6 million a year ago. Total revenue increased 15.5 percent year on year to AED632.3 million. This included AED353.1 million in operating income and AED279.2 million in investment returns and other income. Market capitalisation grew to AED907 billion in 2024, a 32 percent rise from AED688 billion in 2023. The average daily trading value on the DFM increased 5 percent to AED423 million, while the total traded value rose 5.5 percent to AED107 billion. Overall expenses, excluding tax, stood at AED223 million, compared to AED217.9 million during the same period in 2023. UAE capital markets are well placed for a stellar year Market cap of UAE stock markets top $1trn in 2024 Dubai bourse operator’s Q3 profit surges 27% to $26m The DFM attracted 138,262 new investors, a surge of 120 percent compared to the 62,676 in 2023. Nearly 85 percent of these were foreign investors. Foreign investors contributed 50 percent of the total trading value in 2024 compared to 47 percent in 2023. Institutional investors made up 65 percent compared to 58 percent in 2023. The retail segment contributed 35 percent of total trading activity last year. The board also proposed a cash dividend of AED256 million. Listings from Parkin, Spinneys and Talabat raised a total of AED10.5 billion, compared to nearly AED2 billion raised through IPOs in 2023.