Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024

The Dubai Financial Market (DFM) released its consolidated financial results for H1 2024, showing a strong growth in comparison to the same period in 2023.

Overview of Financial Performance

H1 2024 saw active trading on the DFM, wherein the total number of trades reached 1.07 million—a 22 percent year-over-year increase.

Growth of Trading Activity

In H1 2024, DFM recorded a consolidated revenue increase of 40 percent to AED305.7 million, compared with AED218.1 million in the previous year.

Increase in Consolidated Revenue

It had introduced earlier the groundbreaking platform, ARENA by DFM, specifically designed to facilitate initial public offers.

Strategic Initiatives and Market Developments