Brokerage firms in the Dubai Financial Market added about 63,890 new accounts for investors during the first eight months of the current year 2024.
According to market data, accounts have grown by 83.5 percent since the beginning of the year, compared to 34.81 accounts during the same period in 2023.
This comes amid a great demand from investors for new listings, including Parkin and Spence, which contributed to enhancing the attractiveness of the market and attracting new segments of investors.
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, 5,543 accounts in July, and 7,554 accounts in August, which recorded a 76.5 percent increase in the number of new accounts on an annual basis compared to about 4,295 new accounts in August 2023.
BHM Capital accounted for the largest share of new investor accounts during the first eight months of the year, with 24.3 thousand accounts, followed by Emirates NBD Securities with 15.38 thousand accounts, then Al Ramz Capital with 8012 accounts, followed by Abu Dhabi Islamic Securities with 3995 accounts.
