DFM adds over 26,000 new investor accounts

Brokerage companies at the Dubai Financial Market (DFM) added 26,953 new investor accounts in the first half of 2023.

The market reportedly witnessed significant momentum since the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (DEWA), the TECOM Group, Union Coop, Salik, and Al Ansari, among others.

The number of new investor accounts at DFM grew by over 48 per cent during the first five months of this year, compared to 18,204 new accounts in the same period in 2022.

According to DFM-released data, 4,246 accounts were added in June; 5,349 added in May; 4,246 in April; 6,591 in March; 3,436 in February; and 3,082 in January.