56,000 new investor accounts in Dubai Stock Exchange in 7 months... with 85% growth

Brokerage firms in the Dubai Financial Market added 56,345 new investor accounts during the first seven months of this year, an 85 percent growth compared to 22,707 thousand accounts during the same period in 2023.

The new accounts were distributed as follows: 4,465 accounts in January, 5,557 accounts in February, 16,574 accounts in March, 9,957 accounts in April, 8,026 accounts in May, 6,223 accounts in June, and 5,543 accounts in July, according to data from the Dubai Financial Market.

BHM Capital Financial Services accounted for the largest share of new investor accounts during the first seven months of this year, with 21,560 accounts, followed by Emirates NBD Securities with 14,130 accounts.

Third came Al Ramz Capital with 7,115 accounts, followed by Abu Dhabi Islamic Securities with 3,313 accounts, International Securities with 3,071 accounts, and Al Mashreq Securities with 2,631 accounts.

Then Abu Dhabi First Securities 798 accounts, EFG Hermes - UAE 710 accounts, Abu Dhabi Commercial Securities 631 accounts, and HSBC Middle East 553 accounts.

The brokerage firms in the Dubai Financial Market, numbering 30 companies, executed more than 2.57 million transactions during the first seven months of this year, on 58.4 billion shares, with a value exceeding 114.5 billion dirhams.

EFG Hermes Emirates accounted for the largest share of the total value of brokerage firms’ trading during the first seven months of this year, at 24.17 percent, equivalent to AED 27.6 billion, followed by BHM Capital with a share of 13.5 percent, equivalent to AED 15.44 billion.

Third, Securities’ figures came in at around 11.2 billion dirhams, or 9.8 percent, followed by Emirates NBD Securities at around 10.38 billion dirhams, or 9.07 percent.

Fifth came Abu Dhabi Islamic Securities Company with about 6.58 billion dirhams, representing 5.75 percent, and XCube - the market maker with about 5.26 billion dirhams, representing 4.6 percent.

Followed by BHM Capital - Market Maker with AED 4.69 billion, a share of 4.1 percent, and Al Ramz Capital with AED 4.37 billion, or 3.8 percent.