Wednesday, November 1, 2023 – 2:57 PM
Dubai, 1st November / WAM / Brokerage companies in the Dubai Financial Market added 41,952 new accounts for investors during the first ten months of this year, amid great momentum witnessed in the market since the announcement of the listing of 10 government and semi-government companies, including “Dewa” and “Dewa”. TECOM, Union Coop, SALIC, Empower, Taaleem, and Al Ansari Financial Services, which contributed to enhancing its attractiveness and attracting new segments of investors.
According to Dubai Financial Market data, the new accounts were distributed over the months of the year, with 3,608 new accounts last October, 3,526 accounts in September, 4,295 accounts in August, 3,570 accounts in July, 4,246 accounts in June, 5,349 accounts in May, and 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, with 9,329 accounts, then “BHM Capital” with 8,272 accounts, then “Al Ramz Capital” with 6,877 accounts, followed by “Abu Dhabi Islamic Securities.” ” with 4,706 accounts, “International Securities” with 3,239 accounts, and “Mashreq Securities” with 2,420 accounts.
“EFG Hermes – UAE” came in eighth place with about 1,341 accounts, then “Abu Dhabi Commercial Securities” with about 1,007 accounts, “First Abu Dhabi Securities” with 867 accounts, “Arqaam Securities” with 769 accounts, and “Sharjah Islamic Services” Finance” with 594 accounts, “Shurooq Stocks and Bonds” with 550 accounts, “HSBC” with 541 accounts, and “Al Ansari Financial Services” with 421 accounts.
On the other hand, the 29 brokerage companies in the Dubai Financial Market executed more than 3.32 million transactions during the first ten months of this year, on 94.6 billion shares, with a value exceeding 175.9 billion dirhams.
EFG Hermes Emirates accounted for the largest share of the total value of brokerage firms’ trades during the aforementioned period, with a rate of 18.88%, or the equivalent of 33.2 billion dirhams, then “BHM Capital” with a share of 16.2%, equivalent to 28.4 billion dirhams, and thirdly, “Arqaam Securities” with about 20.1 billion dirhams. AED, or 11.4%, and Emirates NBD, at 14.1 billion dirhams, or 8.02%.
“Abu Dhabi Islamic Securities” came in fifth place with about 11.7 billion dirhams, or 6.68%, “Al Ramz Capital” with about 11.15 billion dirhams, or 6.34%, and “X-Cube – Market Maker” with 8.9 billion dirhams, or the percentage. 5.1%, and “First Abu Dhabi Securities” with 5.39 billion dirhams, with a share of 3.07%.
Rami Samih/Ibrahim Nuseirat
2023-11-01 11:02:46
#thousand #investor #accounts #Dubai #Financial #Market #months
