In the first quarter of 2024, the Dubai Financial Market (DFM) saw a significant influx of new investors, with brokerage firms opening 26,596 fresh investor accounts. This marks a notable 103% increase from the 13,112 accounts opened during the same period in 2023.
The growth in the market is attributed to the listing of governmental and semi-governmental companies, with Parkin’s recent addition further enhancing its attractiveness to investors.
The surge in new accounts was consistent throughout the quarter, with March 2023 witnessing a remarkable year-on-year spike of 151.5%, totaling 16,574 new accounts.
Interest in Parkin’s shares extended beyond individual investors in the UAE to regional and international investment institutions, further boosting market activity.
The increase in new investor accounts strengthens Dubai’s financial market, potentially leading to enhanced liquidity and trading activity. In the first quarter of 2024 alone, transactions worth AED50.9 billion, involving 22.7 billion shares, were executed by 30 brokerage firms in the DFM.