Brokerage firms in the Dubai Financial Market added 41,952 new accounts for investors in the first 10 months of this year. Amid huge market momentum since the announcement of the list of 10 government and semi-government companies including “Deva”, “TECOM” and “Union Cooperative”. Saliq, Empower, Taleem and Al Ansari Financial Services contributed to increase the attractiveness of the market and attract new segments of investors.
According to Dubai Financial Market data, 3,608 new accounts were distributed last October, 3,526 accounts in September, 4,295 accounts in August, 3,570 accounts in July, 4,246 accounts in June, 5,349 accounts in May and 4,246 accounts in April. 6,591 accounts in March, 3,436 accounts in February and 3,082 accounts in January 2023.
According to the data, Emirates NBD Securities led the way in new investor accounts with 9,329 accounts, followed by PHM Capital with 8,272 accounts, Al Ramz Capital with 6,877 accounts and Abu Dhabi Islamic Securities with 4,706 accounts. » “International Securities” with 4,706 accounts, “International Securities” with 3,239 accounts and “Mashreq Securities” with 2,420 accounts.
“EFG Hermes – UAE” was ranked eighth with 1,341 accounts, followed by “Abu Dhabi Commercial Securities” with around 1,007 accounts, “First Abu Dhabi Securities” with 867 accounts, “Arqaam Securities” with 769 accounts and “Sharjah Islamic Services”. “Finance” 594 accounts, “Shurook Stocks and Bonds” 550 accounts, “HSBC” 541 accounts and “Al Ansari Financial Services” 421 accounts.
On the other hand, 29 brokerage firms in the Dubai Financial Market have made more than 3.32 million transactions in the first 10 months of this year in 94.6 billion shares, the value of which exceeded 175.9 billion dirhams.
The financial group “Emirates Hermes” accounted for the largest share of the total value of trading of brokerage firms during the aforementioned period, equal to 18.88% or 33.2 billion dirhams, followed by “BHM Capital” with 16.2%, equal to 28.4 billion dirhams, and third, “Arkam Securities” with about 20.1 billion dirhams. or 11.4%, and “Emirates NBD” 14.1 billion dirhams or 8.02%.
“Abu Dhabi Islamic Securities” ranked fifth with about 11.7 billion dirhams, a percentage of 5.1%, and “First Abu Dhabi Securities” 5.39 billion dirhams, a share of 3.07%.
• Emirates NBD Securities received the largest share of new accounts.
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