Student nets $4m in DFM stock game
The third week of Dubai Financial Market’s (DFM) “Online Stock Game” for students has been a tremendous success, with a city college student generating Dh4.047 million ($1.1 million) of virtual profit.
DFM has witnessed enormous portfolio growth by the participating young people. The game is witnessing fierce competition among students of colleges, universities and schools from across the UAE.
More than 1,500 students participated in the game, and almost 60 per cent of the participants were female.
The participants came from 28 separate educational institutions, including institutions from outside the UAE such as Ahmed Bin Mohammed Al-Thani Independent and Al Bayan Educational Complex Secondary Stage, both from Qatar.
Shazad Ali of Skyline College took first place by generating Dh4.047 million ($1.1 million) of virtual profit during the third week.
Farah Sabbar from Skyline College placed second with Dh3.640 million of profit, and Umair Akram from Skyline College came a close third, with Dh2.180 million in profit.
Mubarak Al Doosari, general co-ordinator, DFM Online Stock Game, said: "The game continues to attract the attention of students across the UAE and the Gulf, and acts as an integral part of a student’s financial education."
"A strong understanding of financial markets and investing will not only help these students in their education, it will give future generations the tools necessary to manage their own assets."
Trading orders in the contest are processed and settled directly without brokerage firms. Participants in the Online Stock Game have the opportunity to trade with a virtual amount of money of up to Dh1 million. (TradeArabia News Service)
DFM has witnessed enormous portfolio growth by the participating young people. The game is witnessing fierce competition among students of colleges, universities and schools from across the UAE.
More than 1,500 students participated in the game, and almost 60 per cent of the participants were female.
The participants came from 28 separate educational institutions, including institutions from outside the UAE such as Ahmed Bin Mohammed Al-Thani Independent and Al Bayan Educational Complex Secondary Stage, both from Qatar.
Shazad Ali of Skyline College took first place by generating Dh4.047 million ($1.1 million) of virtual profit during the third week.
Farah Sabbar from Skyline College placed second with Dh3.640 million of profit, and Umair Akram from Skyline College came a close third, with Dh2.180 million in profit.
Mubarak Al Doosari, general co-ordinator, DFM Online Stock Game, said: "The game continues to attract the attention of students across the UAE and the Gulf, and acts as an integral part of a student’s financial education."
"A strong understanding of financial markets and investing will not only help these students in their education, it will give future generations the tools necessary to manage their own assets."
Trading orders in the contest are processed and settled directly without brokerage firms. Participants in the Online Stock Game have the opportunity to trade with a virtual amount of money of up to Dh1 million. (TradeArabia News Service)
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