Surge in New Investor Accounts in Dubai Financial Market

Surge in New Investor Accounts in Dubai Financial Market

Dubai Financial Market brokerage firms witnessed a surge in new investor accounts, with 10,022 added during January and February. The market experienced significant momentum following the announcement of government and semi-government companies’ listings, attracting a new wave of investors. The monitored data, based on Dubai Financial Market statistics, reveals a remarkable 54% growth in new accounts compared to the same period in 2023.

In the distribution of accounts, January saw 4,465 new accounts, followed by 5,557 in February. This growth represents a substantial 61.7% increase year-on-year, compared to February 2023’s 3,436 new accounts. Notably, BHM Capital Financial Services led with 2,982 new accounts, followed by Emirates NBD Securities with 2,159 and Al Ramz Capital with 1,828.

Dubai Financial Market’s 30 brokerage companies executed over 624.8 thousand transactions in the past two months, involving approximately 13.07 billion shares valued at over 31.7 billion dirhams. Emirates Hermes claimed the largest share of total trades at 24.47%, equivalent to 7.75 billion dirhams, followed by BHM Capital at 11.4% and 3.62 billion dirhams. Emirates NBD Securities Finance secured the third position with 10.2% and about 3.22 billion dirhams.

XCube – Market Maker, Abu Dhabi Islamic Securities, Al Ramz Capital, and First Abu Dhabi Securities also featured among the prominent brokerage firms with substantial trade values during the period.

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