Dubai Financial Market to launch Online Stock Game on Monday

About 16 colleges and universities are participating for the first time in the "Online Stock Game" which is organised by DFM to educate students about the intricacies of the stock market and develop their talent for investing.

Students can take part in the game and trade stocks and shares through the DFM's website (www.dfm.ae) during the official trading hours of the market. Every participant will have the opportunity to trade with a virtual amount of money up to AED1 million and the players can follow up the prices of shares through our website and through newspapers.

Essa Kazim, Director General of DFM, said: "Number of participants has been increasing since the launch of the game in 2003. This reflects the success of the game that has attracted 357 participants in 2003, 700 participants in 2004, and 1,360 participants in 2005. Number of educational institutions has also increased from 17 colleges in 2003 to 38 colleges in 2006."

"The game reflects DFM's vision in interacting with students and educating them about proper investing and how to build a healthy national economy. The game is a unique interactive experience that helps students to develop their skills in investing. DFM has also conducted more than 50 training courses about the stock game involving universities, colleges, and schools,"

he added.

Winners will be selected based on the profits they generate during the game period and will receive cash awards up to AED 50,000. Students placed in the first position will receive AED15,000, those second will receive AED10,000, third place would mean a prize of AED5,000 while each participant placed in the fourth to the 13th position will receive AED1,000.

Lady students will receive additional awards. Those placed first will also receive AED3,000, placed second will receive AED2,000 and lady students placed third will receive AED1,000.