Page 210 - SALIK PR REPORT JANUARY 2024

1/3/24, 11:09 AM DFM witnesses 57,000 surge in new investor accounts
DFM witnesses 57,000 surge in new investor accounts
Growth fueled by IPOs and online trading trends

The 29 brokerage firms operating in DFM executed an impressive 3.83 million transactions in 2023
Brokerage firms at the Dubai Financial Market (DFM) have experienced a substantial uptick
in new investor accounts throughout 2023, recording a robust 12.5 percent increase compared to
the previous year.

Factors driving growth

The listing of government and semi-government companies at DFM served as a catalyst for the
impressive growth in new investor accounts. This move generated increased interest and
confidence among potential investors, contributing to the overall expansion of the market.

Another significant factor influencing the surge is the increasing popularity of online trading
platforms. As digitalization continues to reshape the financial landscape, investors are
gravitating toward the convenience and accessibility of online trading. This plays a major role in
the surge in new accounts at DFM.

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