The Dubai Financial Market attracted 2000 new investors, bringing the number of registered investors to the market to more than 843 thousand investors, according to the annual report of the market for the year 2018.

Issa Kazim, Chairman of the Dubai Financial Market, commented during a speech in the introduction to the annual report that the past year witnessed a remarkable acceleration in the pace of development efforts in the framework of the market strategy 2021 that focuses on enhancing competitiveness, product diversification and investment opportunities, development and innovation for investors in terms of market services. He pointed out that the market has gone a long way to complete the plan of reorganizing its activities, in its diversity and variation in its operational features and the risks associated with each activity.

By separating trading activities from post-trading services in line with international best practices in the field of financial markets, this new initiative, which includes the launch of two new services companies, is scheduled to be completed. Depositing and clearing in 2019, which establishes the position of the market in terms of leading development efforts in regional financial markets.

He added: The market is moving forward in its efforts to diversify products and asset classes, as its strategy aims to provide new investment tools for investors and enhance the liquidity and activity of the market, and then he has made all the preparations The launch of an integrated REIT platform.

Kazim pointed out that the repo service was launched in the context of enhancing post-trading services, which allows investors to take advantage of their securities in order to provide liquidity without selling. The finalization of those securities is a pioneering step among the regional markets.

Margin trading, providing liquidity and market manufacturing, continued structured short selling (RSS) and direct trading in the market (DMA) continued to expand in 2018, bringing the number of companies to margin trading. Mediation provided for margin trading service to 30 companies. The number of brokerage firms that obtained the direct trading license reached 14 companies. The market currently includes 4 companies active in the field of market making and providing liquidity, adding that the market has completed the first stage of the transfer of powers plan according to the direction of the authority Securities and commodities towards self-regulating markets in the past year.

The jurisdiction of the brokers license in all its activities was transferred to the market administration, and as a result of that, the new margin trading adjustments were completed, giving more flexibility to the investors, and work is currently underway to complete the stage The second of the self-organizing markets for listing companies and other products.

In the introduction to the DFM report, the market received in 2018 the inclusion of the shares of Bahrain’s Ithmaar Holding Company and the Egyptian Al Naeem Holding Company, in a new indication of Maintaining its attractiveness as the preferred destination for listing companies, bringing the number of listed companies to 67 at the end of the year, including 16 companies with double listings.

Issa Al-Kazim indicated based on the above, ...