In Dubai, brokerage firms operating within the Dubai Financial Market (DFM) experienced a significant influx of New Investor Numbers (NIN), with 34,818 new accounts registered during the first eight months of the current fiscal year. This surge in new investors coincided with heightened market activity driven by listing of ten government and semi-government entities. Notable listings included the Dubai Electricity and Water Authority (DEWA), TECOM Group, Union Coop, Salik, Empower, Taaleem, and Al Ansari Financial Services. These listings substantially enhanced the market’s attractiveness and drew in a diverse range of new investors.
According to data provided by the DFM, the growth rate of newly registered investor accounts exceeded 51 percent during the initial eight months of the year.
This starkly contrasts the 23,039 new accounts recorded during the same period in 2022. The distribution of these newly opened accounts was as follows: 4,295 in August, 3,570 in July, 4,246 in June, 5,349 in May, 4,246 in April, 6,591 in March, 3,436 in February, and 3,082 in January.
Emirates NBD Securities, a prominent financial entity, claimed most of these new investor accounts during the first eight months of the year, totaling an impressive 8,115 accounts.