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.
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DFM announce delay in trading session
- United Arab Emirates: Sunday, May 20 - 2007 at 12:10
- PRESS RELEASE
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.
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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 Sat May 26 2007.
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