“Listings” contributed to enhancing the attractiveness of the market and attracted new segments of investors

26.59 thousand new investor accounts in Dubai Financial during the first quarter

Dubai Financial has witnessed great momentum since the announcement of the listing of government and semi-government companies. Wham

Brokerage companies in the Dubai Financial Market added 26,596 new accounts for investors during the first quarter of this year, a growth of 103% compared to 13,112 new accounts during the first quarter of 2023, amid great momentum witnessed in the market since the announcement of the listing of government and semi-government companies. Among them is the recent listing of “Parkin”, which contributed to enhancing the attractiveness of the market and attracting new segments of investors, according to monitoring conducted by the Emirates News Agency “WAM”, based on data from the Dubai Financial Market.

The new accounts were distributed by 4,465 accounts in January, 5,557 accounts in February, and 16,574 accounts last March, during which the number of new accounts recorded a significant increase on an annual basis by 151.5%, compared to about 6,591 new accounts in February 2023, in conjunction with the offering of shares. Parkin Company and the start of trading in its shares, amid exceptional interest from international and regional investment institutions, and from individual investors in the UAE.

BHM Capital Financial Services accounted for the largest share of new investor accounts during the first quarter, with 8,789 accounts, followed by Emirates NBD Securities with 7,770 accounts, then Al Ramz Capital with 3,788 accounts, followed by Mashreq Securities. With approximately 1,495 accounts, “International Securities” with 1,351 accounts, and “Abu Dhabi Islamic Securities” with 1,217 accounts, followed by “First Abu Dhabi Securities” with 356 accounts, and “EFG Hermes - UAE” with 352 accounts.

In another context, the 30 brokerage companies in the Dubai Financial Market executed more than 1.014 million transactions during the first quarter of this year on 22.7 billion shares, with a value exceeding 50.9 billion dirhams.

The financial group “Emirates Hermes” accounted for the largest share of the total value of brokerage companies’ trades during the first quarter, at a rate of 25.09%, or the equivalent of 12.79 billion dirhams, followed by “BHM Capital” with an 11% share, equivalent to 5.6 billion dirhams, then “Emirates NBD Securities.” Finance” by about 5.03 billion dirhams, or 9.87%, and “Arqaam Securities” by 4.5 billion dirhams, or 8.91%.

“Abu Dhabi Islamic Securities” came in fifth place with about 2.74 billion dirhams, or 5.38%, “XCube - Market Maker” with about 2.38 billion dirhams, or 4.69%, and “Al Ramz Capital” with 2.34 billion dirhams, or 4.61%. And “BHM - Market Maker” by about 1.6 billion dirhams, or 3.2%.