According to the statement of the President of Dubai Financial Market, in 2024, there will be a focus on attracting and retaining global investments to achieve sustainable values for all interested parties. The Chief Executive Officer of Dubai Financial Market and NASDAQ Dubai, Hamad Ali, expressed satisfaction that they managed to achieve strong indicators in 2024 thanks to a stable innovation strategy and successful strategic initiatives.
According to this, the participation of retail investors in Dubai Financial Market will significantly increase in 2024, making up 35% of the total trading volume. The increase in investments by retail investors was notably observed in recent initial public offerings, where the allocations intended for retail investors were increased in response to strong demand.
In the past year, over 138,000 new investors came to Dubai Financial Market, of which 85% were foreigners, indicating an increase of 120.5% compared to the previous year. Foreign investors accounted for 50% of the total trading volume on the Dubai stock exchange in 2024.
A significant increase in interest from corporate investors was also noted, which confirms the high attractiveness of the market for a broad and diverse range of investors. Against the backdrop of stable market growth and improved investment returns, total revenues on the exchange in 2024 amounted to 10.48 billion dirhams through three successful initial public offerings.
The Dubai stock index rose by 27.1% in 2024, closing at 5158.67 points at the end of the year, which is the highest level since September 2014. Dubai successfully maintains its leading position as the best market in the region over the last two consecutive years, which attests to its continuous growth in recent years.
