During the first half, with a growth of 48%, 26.9 thousand new accounts were registered for investors in the Dubai Financial Market

Brokerage firms in the Dubai Financial Market added 26,953 new accounts for investors during the first half of this year, amid great momentum in the market since the announcement of the listing of 10 governmental and semi-governmental companies, including DEWA, TECOM, Union Coop and Salik. And “Empower”, “Taleem” and “Al-Ansari Financial Services”, which contributed to enhancing its attractiveness and attracting new segments of investors.

According to Dubai Financial Market data, the number of new accounts grew significantly by nearly 48% during the first half of this year, compared to 18,204 new accounts during the first half of 2022.

The new accounts were distributed by 4,246 new accounts last June, 5,349 new accounts in May, 4,246 accounts in April, 6,591 accounts in March, 3,436 accounts in February, and 3,082 accounts in January 2023.

According to the data, Emirates NBD Securities acquired the largest share of new investor accounts during the first half of this year with 6,532 accounts, then Al Ramz Capital with 4,760 accounts, then BHM Capital with 3,870 accounts, followed by “Abu Dhabi Islamic Securities” 3010 accounts, “International Securities” 2285 accounts, and “Al-Mashreq Securities” 1808 accounts.

The “EFG-Hermes – Emirates” came in eighth place with about 838 accounts, then “Abu Dhabi Commercial Securities” with about 684 accounts, “Argaam Securities” with 615 accounts, “First Abu Dhabi Securities” with 537 accounts, and “HSBC Al Sharq”. Al-Awsat” 415 accounts, “Sharjah Islamic Financial Services” 398 accounts, “Shorouk for Stocks and Bonds” 313 accounts, and “Al-Ansari Financial Services” 262 accounts.

On the other hand, the 29 brokerage firms in the Dubai Financial Market executed more than 1.74 million transactions during the first half of this year, on 50.8 billion shares, with a value of more than 92.8 billion dirhams.

And the Financial Group Hermes Emirates acquired the largest share of the total value of brokerage firms’ trades during the first half of this year, at a rate of 19.4 percent, or the equivalent of 18.03 billion dirhams, then “BHM Capital” with a share of 15.1%, equivalent to 14.05 billion dirhams, and thirdly, “Arqaam Securities”. About 11.2 billion dirhams, or 12.11%, Emirates NBD 7.86 billion dirhams, Al Ramz Capital 6.4 billion dirhams, Abu Dhabi Islamic Securities 5.98 billion dirhams, and X-Cube Market Maker 5.3 billion. dirhams, and the “First Abu Dhabi Securities” 2.62 billion dirhams.