Several factors contributed to this growth. The listing of government and semi-government companies, such as the Dubai Electricity and Water Authority and Dubai Taxi Company, has significantly boosted investor confidence. These listings are part of a broader strategy to increase the market size to AED 3 trillion. Additionally, the popularity of online trading platforms has played a crucial role in attracting new investors, thanks to their convenience and accessibility.
December saw a particularly strong performance, with 6,088 new accounts opened, marking a 184% year-on-year increase. This spike was largely driven by the IPO of Dubai Taxi Company, which generated significant investor interest.
Brokerage firms at DFM have also reported impressive activity, executing 3.83 million transactions this year, up 32.7% from 2022. This surge in trading activity underscores the growing dynamism of Dubai’s financial market, reflecting increased market participation and liquidity.
The strategic listing of state-owned companies and the embrace of digital trading platforms are pivotal in maintaining this momentum, positioning DFM as a robust and attractive market for investors.