The number of new investors in DFM in Q1 2024 reached 26,596

According to data released by the Dubai Financial Market (DFM), brokerage firms there opened 26,596 new investor accounts during the first quarter of 2024, up 103% from 13,112 accounts in the same period in 2023.

The market has experienced notable growth since the announcement of the listing of governmental and semi-governmental companies. Notably, Parkin’s recent listing has added to the market’s appeal and attracted new investors.

The new accounts were opened throughout the year, with March 2023 seeing a significant YoY spike of 151.5 percent with 16,574 new accounts opened.

At the same time, individual investors in the United Arab Emirates and regional and international investment institutions showed remarkable interest in Parkin’s shares, which were floated.

Dubai’s financial market is strengthened by a surge in new investor accounts, which offers the possibility of increased liquidity and trading activity.

AED50.9 billion worth of transactions, involving 22.7 billion shares, were executed by 30 brokerage firms in the Dubai Financial Market during the first quarter of 2024.

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