DFM management announced that the trading session was postponed due to a technical failure in the market's electronic trading system during the pre-opening session.
In coordination with the electronic service provider, DFM management quickly fixed the problem, and trading was resumed as per the timings mentioned above.
DFM extends its apologies to traders for the technical failure, which was due to circumstances beyond its control.
Currently, DFM is developing a new electronic trading system that is expected to be activated this year.
DFM announce delay in trading session
Dubai Financial Market (DFM) announced today that the trading session for Sunday (May 20, 2007) will start at 11:00 AM and end by 2:00 PM. The pre-opening session began 10:50 AM and ended at 11:00 AM.
- United Arab Emirates: Sunday, May 20 - 2007 at 12:10
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About Dubai Financial MarketDubai Financial Market was established as a public institution having 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.
For further information, please contact:
Nicholas Nesson / Tarek Fleihan
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Posted by Lara Lynn Golden, News EditorSunday, May 20 - 2007 at 12:10 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Saturday, May 26 - 2007
Index : Company News : Dubai Financial Market (DFM)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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