Dubai Financial Market's third-quarter net profit slumps 70 pct

October 26, 2015 12:12 PM

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DUBAI Oct 26 Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 70 percent fall in third-quarter net profit on Monday as trading activity plunged, tracking a slump in oil prices.

The company, which runs securities trading in Dubai, made a net profit of 45.4 million dirhams ($12.4 million) in the three months to Sept. 30, down from a net profit of 153.5 million dirhams in the year-ago period, a statement said.

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