Brokerage companies in the Dubai Financial Market added 10,022 new accounts for investors during the past months of January and February, amid great momentum witnessed by the market since the announcement of the listing of government and semi-government companies, which contributed to enhancing the attractiveness of the market and attracting new segments of investors.
According to Emirates News Agency “WAM” monitoring, based on Dubai Financial Market data, the number of new accounts in the market recorded a significant growth of nearly 54% during the past two months, compared to 6,521 new accounts in January and February of 2023.
– Distribution of accounts.
The new accounts were distributed by 4,465 accounts in January and 5,557 accounts in February, during which the number of new accounts recorded a significant increase on an annual basis by approximately 61.7%, compared to about 3,436 new accounts in February 2023.
“BHM Capital” financial services company acquired the largest share of new investor accounts during the past two months, with 2,982 accounts, then “Emirates NBD Securities” with 2,159 accounts, then “Al Ramz Capital” with 1,828 accounts, followed by “Abu Dhabi Islamic Securities.” “With 712 accounts, “International Securities” with 608 accounts, and “Mashreq Securities” with 426 accounts.
“HSBC Middle East” came in seventh place with about 250 accounts, then “EFG Hermes – UAE” with about 215 accounts, “First Abu Dhabi Securities” with 188 accounts, “Abu Dhabi Commercial Securities” with 139 accounts, and “Sharjah Securities” with 188 accounts. Al Islami Financial Services has 102 accounts, Arqaam Securities has 94 accounts, Al Daman Securities has 92 accounts, Al Ansari Financial Services has 63 accounts, and Shurooq for Shares and Bonds has 58 accounts.
– Executing deals.
On the other hand, brokerage companies in the Dubai Financial Market, which currently number 30, executed more than 624.8 thousand transactions during the past two months, covering approximately 13.07 billion shares, with a value exceeding 31.7 billion dirhams.
The financial group “Emirates Hermes” accounted for the largest share of the total value of brokerage companies’ trades during the past two months, at a rate of 24.47%, or the equivalent of 7.75 billion dirhams, then “BHM Capital” with a share of 11.4%, equivalent to 3.62 billion dirhams, and thirdly, “Emirates NBD Securities.” Finance” by about 3.22 billion dirhams, or 10.2%, and “Arqaam Securities” by 2.67 billion dirhams, or 8.42%.
“XCube – Market Maker” came in fifth place with about 1.6 billion dirhams, or 5.13%, “Abu Dhabi Islamic Securities” with about 1.57 billion dirhams, or 5%, and “Al Ramz Capital” with 1.52 billion dirhams, or the percentage. 4.82%, and “First Abu Dhabi Securities” with 1.17 billion dirhams, with a share of 3.7%. WAM
2024-03-01 10:24:50
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