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Students achieve total profit AED710 million on DFM's online stock game in third week
- United Arab Emirates: Tuesday, April 18 - 2006 at 16:04
- PRESS RELEASE
Three weeks into its 'Online Stock Game' for students, the Dubai Financial Market (DFM) has seen portfolio growth by participating students with total profits of AED710 million while losses touched AED160 million.
Osama Abdul Razak of Sharjah University is still in the first position followed by Nasser Mohamed Al Riyami of UAE University in the second position, and Haytham Shahada of Sharjah University in the third position.
Mahar Musleh, a student from the Al Mawakeb School - Garhood, is the leading female player, followed by Noora Ibrahim Hasan Ibrahim from Zayed University/ Abu Dhabi, and Ebtehal Abdulla Ahmed Abdulla from Al Ain Women's College.
DFM is delighted with the high levels of involvement in the game. Students are experiencing first hand the merits of diversifying portfolios, understanding fundamentals and of taking a long-term perspective to investing.
Players were given a fantasy fund of AED1 million with which to build a portfolio of DFM listed securities. The DFM's "Online Stock Game" started on March 20, 2006 and will run till April 20, 2006.
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Notes and media contacts
About Dubai Financial Market:Dubai 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:
Tim Harrison
Tarek Fleihan
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
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Posted by Janeta Novakovic, Assistant News Editor
