The number of new accounts registered by brokerage firms in the Dubai Financial Market during the first seven months of 2023, on an annual basis, increased by 48.5% to 30,523 accounts, compared to 20,555 accounts in the same period of 2022.
According to Dubai Financial Market data, the new accounts were distributed by 3,570 new accounts last June, 4,246 new accounts in June, 5,349 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.
In July only, it increased by approximately 52%, after it reached about 3,570 accounts last month, compared to 2,351 accounts in July of 2022.
The increase in these new accounts, and then the attraction of segments of investors during the first seven months of this year, was supported by the listing of 10 governmental and semi-governmental companies, including “Dewa”, “Tecom”, “Union Coop”, “Salik”, “Empower”, “Taleem” and Al-Ansari Financial Services.
And with the support of investors’ orientation towards IPOs that Dubai witnessed during the past year as well.
Brokerage firms in the Dubai Financial Market added 50,718 thousand new accounts for investors during the year 2022.
It is noteworthy that the new trading accounts between brokerage firms measure the increase in demand for participation in new IPOs, as well as the period for investors to benefit from the advantages provided by these companies.
2023-08-01 07:41:38
#accounts #investors #Dubai #Financial #Market #jumped #months
