Page 69 - UNION PROPERTIES GENERAL REPORT - April 2024_Neat

According to data released recently by the DFM, brokerage firms at the Dubai Financial
Market (DFM) opened 26,596 new investor accounts during the first quarter of the
current year 2024, a growth of 103 percent compared to 13,112 accounts during the first
quarter of 2023.

This comes amid significant momentum in the market since the announcement of the
listing of government and semi-governmental companies, including the recent listing of
Parkin, which enhanced the market’s attractiveness and draw new investors.

The new accounts were distributed over the months of the year, with a notable YoY
spike of 151.5 percent in March 2023, when 16,574 new accounts were opened.

This coincided with Parkin floating its shares amid exceptional interest from international
and regional investment institutions, as well as individual investors in the UAE.

Surging new investor accounts bolster Dubai’s Financial Market, injecting potential for
greater liquidity and trading activity.

Meanwhile, the first quarter of 2024 saw 30 brokerage firms operating in the Dubai
Financial Market execute over 1.014 million transactions, involving 22.7 billion shares,
with a value exceeding Dhs50.9 billion.

https://www.gulftoday.ae/business/2024/04/07/adx-dfm-log-nine-large-deals--worth-dhs16b-
during-ramadan