Dubai Financial Market, DFM, yesterday inaugurated its Annual Stock Game with the participation of 5,723 students from schools and universities in the UAE and beyond. The number of participants in the 13th round is 77% up compared to the 2014 competition.
The Stock Game, which runs until May 5th, has attracted students from 39 educational institutions, 6 of them for the first time and 3 are foreign; Kingdom University from Bahrain, Nizwa University from Oman and Sarajevo University from Bosnia and Herzegovina.
Each contestant will receive a virtual Dh1 million to buy and sell shares listed on DFM through its website, based on live prices during trading hours. The winner will receive a cash prize of Dh15,000, while second place wins Dh10,000 and third place Dh5,000. Each winner between 4th-13th places will receive Dh1,000. The winners of the game will be the students who acquire the biggest amount of virtual money.
Jamal Ibrahim Al Khadhar, Senior Vice President, Head of Strategic Planning and Human Resources Division, DFM said, "Social Responsibility has always been a top priority through DFM's history and the stock game is one of our early initiatives in this regard. The stock game has seen tremendous progress as we are committed to develop constantly in line with our deep belief in the dynamism of the financial markets as an interesting sector for students. We have collaborated with educational institutions to offer students the opportunity to explore this sector, demonstrate their skills as well as employing their theoretical and academic studies within a virtual trading environment so that they can learn and gain experience".