ABU DHABI: The Dubai Financial Market (DFM) and Nasdaq Dubai are on a drive to boost financial literacy in the UAE by using trading games to teach school and university students how to trade. The two markets have collaborated to launch the trading games annually, with the last one in late April. The game comprises trading equities and even equity derivatives. This year, in the game’s 14th round, the total traded value reached Dh5.4 billion from 16,802 transactions over 10 days.
The game saw participation from 2,362 students from 26 educational institutions, and is aimed at helping students understand how to trade and deepen their knowledge of financial markets. “DFM has been actively promoting financial knowledge and participating in sharpening the skills of new generations through numerous initiatives in cooperation with educational institutions. The competition enables students to gain knowledge and showcase their skills as well as test their academic knowledge in a virtual trading environment,” said Jamal Al Khadhar, executive vice president and head of strategic planning and human resources at DFM.
Each participant in the game receives a virtual Dh1 million to buy and sell shares listed on DFM and Nasdaq Dubai based on live prices shown on the website during trade hours. The winners are those who achieve the highest virtual returns.
