Dubai Financial Market's (DFM) listed local public joint stock companies have recorded a 100 percent compliance regarding the disclosure of Q2-2011 results within the deadline of 45 days from the end of the period, a statement said.

The total number of UAE public joint stock companies listed on DFM which disclosed their second quarter results reached 42, with the exception of Amlak Finance and Al Firdous Holding, as both were already suspended due to procedural reasons.

The exchange submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its remarks on the disclosures according to SCA requirements.

DFM also suspended trading of seven foreign listed companies, which did not disclose its quarterly statements within the deadline including: IFA, Kuwait Commercial  Markets, National Industries, National Real Estate, Mazaya, Global and Gulf Finance House, it said. – TradeArabia News Service