DFM reported a quarterly profit of AED14.71 million ($4 million), the company said in an e-mailed statement, compared with a profit of AED27.2 million for the same period in 2010. 

Revenue for the quarter dropped to AED64.59 million from AED69.09 million in the second quarter of 2010. The quarterly revenue included an operating income of AED50 million and investment returns of AED14.59 million. 

Expenses reached AED49.88 million compared to AED41.87 million in the prior-year period.

However, traded value for the quarter rose to AED11.5 billion, said the statement, a 5.2 percent increase from AED10.9 billion a year earlier.

Essa Abdul Fattah Kazim, managing director and chief executive of Dubai Financial Market said the trading commissions’ contribution to revenue dropped from 66 percent in the first half to 2010 to 45 percent in the first half of this year.

“The flow of revenues from listing fees, sale of market data and online advertising opportunities on DFM website have helped the company reach a greater balance between trading commissions and other revenue sources,” said Kazim. 

DFM’s shares ended 0.9 percent lower before the results were announced, taking their year-to-date losses to 24.5 percent.