Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023.
06 July 2023, 12:00 AM
31 July 2023, 12:00 AM
Dubai Financial Market witnessed a surge in new investor accounts, with brokerage companies adding 26,953 accounts in the first five months of 2023, its latest data showed.
Compared to the same period in 2022, the number of new investor accounts at DFM has seen remarkable growth, increasing by over 48 percent.
The rising appetite among investors to open accounts with DFM was fueled by the listing of 10 government and semi-government companies, including Dubai Electricity and Water Co., TECOM Group, Union Coop, Salik and Al Ansari.
In June alone, 4,246 new accounts were added, followed by 5,349 in May and 4,249 in April, the DFM data showed.
This came after the financial exchange added 6,591 new accounts in March, 3,436 in February and 3,082 in January.
This influx of new investor accounts showcases the growing confidence and interest in the DFM, which reflects the increasing opportunities for investors to participate in the region’s dynamic economy.
One of the DFM’s ongoing efforts is to attract new listings and promote transparency and investor-friendly regulations to continue contributing to its success.