|
|
|
|
Dubai Financial Market |
The Dubai Financial Market is a stock exchange located in Dubai, United Arab Emirates. It was founded on March 26, 2000. Almost 40 companies are listed on DFM till June 2006. Most of them are local UAE companies and a few from other Gulf countries with dual listings. Some of the companies allow foreigners to own their shares.
During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towdards the end of 2005 and through the first few months of 2006 the bubble has burst and share values dropped by around 60% on DFM, along with similar decreases in most other Gulf stockmarkets.
DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Market (ADSM) also lists mostly UAE companies and the recently opened Dubai International Financial Exchange (DIFX) was set up to trade international stocks.
Dubai Financial Market was established as a public institution. It has its own independent corporate body. DFM is operating as a secondary market for trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market. The Market commenced operations on 26th March 2000.
Dubai Financial Market has two integrated systems for the daily operations of trading, clearance and settlement. These are Clearance & Settlement System and Trading System.
Clearance & Settlement (CSS) is a universal automated system used to conduct the daily routine business of clearance and settlement. On the other hand, Trading System is an automated system used by the brokers for their daily operations. It also enables both the brokers and investors to monitor spot orders of buy and sell.
The two systems are electronically linked and the completion of a deal on the trading floor simultaneously modifies securities holders’ register in the Clearance & Settlement System with immediate transfer of securities. Investors, thus enjoy integrated and secure service to conduct their buy or sell orders.
All securities of listed issuers are placed in the Clearance & Settlement System, which eliminates the need for the physical exchange of securities certificate and renders the process safer and more efficient.
Here are two basic requirements for the Investors to start trading in DFM:
1) Obtain Investor Number (IN) from DFM after completing "Investor Number Form" at the Investor Services Office or with a DFM accredited broker.
2) Open an account with a DFM accredited broker using "Account Opening Form".
There a
re some documents appended with "Investor Number Form" which have separate requirement for each category i.e., Separate documentation for Individuals category and for the category of Corporate Bodies. Even the Individual category has been divided into UAE nationals and non-UAE nationals.
New investors may fill “Investor Number” and “Account Opening” forms in person in the DFM or through a DFM accredited broker of their choice. The personal appearance of Investor is also made mandatory for opening the account at DFM.
Buying and selling orders can be given to the broker in person, by filling the “Buy / Sell Order Form” or by phone, fax or email based on the investor agreement with the broker. All telephone conversations, which are conducted through DFM telephone lines are recorded and could be used in the event of any dispute between investors and their brokers.
Many options are available and can be utilized in terms of the price limit and validity period.
Brokers process orders of their clients upon their request and securities’ transfer takes place automatically by the clearance system.
Payment of the dues arising from buying and selling orders are governed by agreements between the broker and his client, in accordance with DFM rules and regulations. Funds arising from selling the securities are paid to the investor within 24 hours of receiving the investor payment order or as agreed.
The UAE Government is doing her best to make Dubai Financial Market the center point and unique investment destination for all local and international investment. Also, to make DFM the most suitable place for the investors by satisfying all market categories by providing unique services and extraordinary trading environment.
DFM has been very much successful in attracting new investments and investors and brokers. It is close to reach the highest level of customer satisfaction. The ultimate goal is to create an ideal trading workplace.
For more information about Dubai financial Market visit: http://united-arab-emirates.ixs.net/general-info/dubai-financial-market/index.aspx
Heidi Grumm hosts http://events.ixs.net and expresses her passion for events through writing and discussion. She works for Less Corporation at http://www.wicked-on-broadway.com/ Copyright Heidi Grumm | | Author Info: Heidi Grumm hosts http://events.ixs.net and expresses her passion for events through writing and discussion. She works for Less Corporation at http://www.wicked-on-broadway.com/ Copyright Heidi Grumm |
|
| 30 Most Recent
Articles : |
 artistic girl model artistic girl model or muscle nude video or femdom bdsm femdom or gay escort services, 803972, compaq c714nr, 65986, algebra graph systems of inequalities, kkialz, beryllium bohr model, ovlycl, lewisto[ Read Article] aKICPGsQsh Your site is very interesting and usefuls., naked man pictures, 72711, national lotto, cmzxe, naked pregnant women gall, %PPP, shemales xxx, kwrqgz, virgin male free porn, 854089, gilliam center columbia sc, 8[[, nelson county times va, 752, mandy saxo rapidshare, >:-[ Read Article] oRkHfYXCCTqplyzuoZu comment2, Free Naked Women Picture
, 003, Free Nude Girl Pics
, 6124, Free Naked Girls Movies
, qqy, Free Horse Sex Vids, qorqc, Free Kama Sutra Videos, :((, Gay Black Men Gallery, esyqf, harcourt realestate southport, tyw, family nude beach photos, 5834, in[ Read Article] aeXsXSWL Excellent site, added to favorites!, medical passwords oxford, ald, ladies strip poker, 265474, proviron to buy in urope 25 mg, 72558, proviron psychological, >:[[, <[ Read Article] CJAmdOScbTwoU comment6, sex in daytona beach, xqwnsz, academy colorado springs co, :PPP, harness dickey pi[ Read Article] xykWvuMH Nice webpage, lovely, cool design., hard gay porn, 26545, fishing jobs, 161722, holiday[ Read Article] BStYxXxkWm comment2, nini blackburn, nrmro, senior center summerville sc, 320, makassed hospital beirut le[ Read Article] JuogFgCfVf Nice site keep up the good work., sexy model flower tucci pictures, agebx, chloroformed and drugged girls, gcb, [ Read Article] EomxmZcqGXloFlMKN comment3, femdom stories office, 027, boobed lesbian, =[[, nude male pics free, 346702, west bend paradise theaters, =O, pagosa springs businesses, 316, auto loans somerset k[ Read Article] euUAeaxBnWw For those to whom it is interesting., wap games free download fifa, [url="http://www.google.ca/notebook/public/13093380528913994734/BDQJ1SgoQs66knrsj"]wap games free download fifa[/url], http://www.google.ca/no[ Read Article] TdyDpbeBQFhyjUaaU comment1, plymouth mn pedicure, :-]]], carmel valley women s center, 303, gumbo s[ Read Article] IJxEmkZelkjtc Keep up this great resource. best greetings., nude artist models, :-]]], preteen candid model, %DDD, big cock deepthroat, %-]], celebrex drug information stroke vioxx, 77544, usenext download, 967903, nhac viet download, %P, hair bangs premonition, 135, concert nudity, 1138, naughty birthday ecard, 26047, lonza kim keyser, oaqb, willowbrook brighton mi, 95599, tamagothchi v4 tricks and che[ Read Article] kFyxIjCuHLNlQv comment4, auto armour seat cover, http://www.radioum.com.br/img/7/blog.php?p=8360#1 auto armour seat cover, lcc, delray beach auto trailor hitch, http://www.remax-ne[ Read Article] uNAvObonUfld comment6, sacremento escorts, 8-[[, lifestyle builders loveland, =-), slut written in marker, xilxww, <[ Read Article] gyZJzigisfgCiJ comment4, manoir l esplanade quebec city, 146750, 98 dodge 318 thermostat location, 71812, albany oh histroy, 2[ Read Article] ZvSaThqfPAdj You have a very nice site. Other interesting resources, average size penis, :-), nude singles, dqi, World Top
Stories : |
Security Council passes Gaza truce resolutionThe U.N. Security Council tonight overwhelmingly approved a resolution calling for an immediate cease-fire in Gaza. Fourteen of the council's 15 members voted in favor of the resolution, with U.S. Secretary of State Condoleeza Rice abstaining from the vote on behalf of the United States.<div class="feedflare">
<a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=SNaeH0p7"><img src="http://feedproxy.google.com/~f/rss/cnn_topstories?d=41" border="0"></img></a> <a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=hWIxRpLA"><img src="http://feedproxy.google.com/~f/rss/cnn_topstories?d=50" border="0"></img></a> <a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=pPtrIu0q"><img src="http://feedproxy.google.com/~f/rss/cnn_topstories?i=pPtrIu0q" border="0"></img></a> <a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=UjClwrYl"><img src="http://feedproxy.google.com/~f/rss/cnn_topstories?d=52" border="0"></img></a> <a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=iMZ6GO5h"><img src="http://feedproxy.google.com/~f/rss/cnn_topstories?i=iMZ6GO5h" border="0"></img></a>
</div><img src="http://feedproxy.google.com/~r/rss/cnn_topstories/~4/hmOYiHC5j64" height="1" width="1"/>
|
|
|
|
|
