10 financial brokerage companies in the Dubai Financial Market accounted for 84% of the total trading value of 28 brokerage companies during the month of June 2024.
According to Mubasher statistics based on data from the Dubai Financial Market, the total traded value of financial brokerage companies reached AED 12.796 billion during the past month through 28 brokerage companies, 10 of which acquired AED 10.810 billion.
Brokerage firms in the Dubai market executed 322,656 thousand transactions last month through trading more than 8.529 billion shares worth more than 12.796 billion dirhams, and 6,223 new accounts were opened.
EFG Hermes Emirates topped the list of brokers in terms of trading value, accounting for 26.17 percent of the total trading of traders in the Dubai market, at about 3.349 billion dirhams.
BHM Capital Financial Services came in second place with 16.11 percent, with a trading value of AED 2.060 billion.
Arqaam Securities came in third place with 11.27 percent, with a trading value of AED 1.442 billion.
Abu Dhabi Islamic Securities Company came in fourth place with a percentage of 6.36 percent, with a trading value of 813.96 million dirhams.
The fifth place went to Emirates NBD Securities, with a share of 5.98 percent, and a trading value of AED 765.73 million.
BHM Capital Financial Services, the market maker, came in sixth place with a share of 5.52 percent, with a trading value of AED 705.77 million.
XCube, a market maker, came in seventh place with a share of 4.38 percent, with a trading value of AED 560.53 million.
HSBC Middle East Securities came in eighth place with a share of 3.74 percent, with a trading value of AED 478.87 million.
Al Dhaman Securities came in ninth place with a share of 2.59 percent, with a trading value of 331.29 million dirhams.
Al Ramz Capital Market Maker came in tenth place with a share of 2.36 percent, with a trading value of AED 301.52 million.
During 2023, brokerage firms in the Dubai Financial Market added about 57,054 new accounts for investors, in conjunction with new listings in the market, which contributed to enhancing its attractiveness and attracting new segments of investors.
Dubai Financial Market data showed that the number of new accounts in the Dubai Financial Market recorded a growth of 12.5 percent during 2023, compared to 50,718 new accounts in 2022.
The new accounts were distributed over the months of the year, with 6,088 accounts in December, 9,014 new accounts in November, 3,608 accounts in October, and 3,526 accounts in September.
Also 4295 accounts in August, 3570 accounts in July, 4246 accounts in June, 5349 accounts in May, 4246 accounts in April, 6591 accounts in March, 3436 accounts in February, and 3082 accounts in January 2023.
Emirates NBD Securities accounted for the largest share of new investor accounts, with 13,942 accounts, followed by BHM Capital with 11,122 accounts.
It was followed by Al Ramz Capital with 9,076 accounts, followed by Abu Dhabi Islamic Securities with 5,651 accounts, International Securities with 5,164 accounts, and Mashreq Securities with 3,446 accounts.
