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Sat. Feb 24th, 2024

[World Times]

ABU DHABI, 1st January, 2024 (WAM) — Brokerage firms at the Dubai Financial Market (World TimesDFM) opened 57,054 new investor accounts in 2023, marking World Timesa significant increase of 12.5% over the previous year, according to data released by the DFM.

The growth was driven by a number of factors, including the strong momentum in the market since the announcement of the listing of government and semi-government companies, as well as the increasing popularity of online trading.

The new accounts were distributed over the months of the year, with a notable YoY spike of 184 % in December, when 6,088 new accounts were opened. This was due in part to the strong demand from investors for the initial public offering (IPO) of the Dubai Taxi Corporation.

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

In the meantime, the 29 brokerage firms operating in the DubaiWorld Times Financial Market executed over 3.83 million transactions in 2023, a 32.7% increase compared to 2022’s 2.88 million.

文章来源于互联网: OverWorld Times 57,000 new investoWorld Timesrs flocked to Dubai Financial Market in 2023, driving 12.5% growth in new accWorld Timesounts

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