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3/14/24, 12:19 PM DFM achieves record-breaking performance in 2023, crossing 4,000-point milestone for first time in 8 years
DFM sets new record in 2023, crosses 4,000 points for first time in 8 years
The DFM General Index ranked 5th globally in 2023

DFM also raised AED34.5 billion in IPO proceeds in 2023, with demand exceeding AED1 trillion since 2021 (Photo: WAM)
The Dubai Financial Market (DFM) emerged as one of the world’s largest markets in 2023,
breaking records and positioning Dubai as a major global investment hub. DFM’s exceptional
performance in 2023 propelled it to cross the 4,000-point milestone for the first time in eight
years. With a significant increase in trading activity, increased capital inflows, and a notable
influx of new investors, DFM showcases its vital role in supporting Dubai and the UAE’s
economy and investment landscape.
Performance review
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy
Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai Securities and
Exchange Higher Committee, recently chaired a meeting of the committee. During the meeting,
he reviewed Dubai’s achievements in 2023, most notably DFM’s achievements, and upcoming
key projects of the committee. Sheikh Maktoum restated Dubai’s ambition to become a global
financial hub in alignment with the Dubai Economic Agenda D33.
DFM’s record-breaking performance
Among the most notable achievements DFM made in 2023 is crossing the 4,000-point milestone
for the first time in eight years. The increase in trading activity, increased capital inflows and the
influx of new investors propelled this growth. Moreover, DFM implemented several initiatives to
enhance its digital platform. It also introduced an IPO accelerator program and hosted the MENA
IPO Summit.
Due to its tireless efforts, the DFM General Index (DFMGI) ranked 5th globally in 2023,
surpassing major global markets. DFM also attracted a staggering 230,000 new investors since
2022. Furthermore, it saw substantial growth in market capitalization, rising from AED582
billion at the end of 2022 to AED688 billion by the end of 2023.

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