Economy Local November 01, 2024

Dubai Financial Market Sees Surge in New Accounts

During the first ten months of this year, brokerage firms in the Dubai Financial Market added 84,823 new accounts for investors, indicating a significant increase in market participation.


Dubai Financial Market Sees Surge in New Accounts

A stable-quarter of which is Dubai, UAE, located on the peak of liquidity activity, announced that the companies of intermediaries added 84,823 new investment accounts during the first ten months of the current year. This is a bright evidence of the constant interest in investments in the market of the Middle Eastern financial center, which continues to attract investors from different countries of the world. "This growth in the number of new accounts enhances investor confidence in the leading economic indicators of the region and adherence to the diversification of investment portfolios," noted one of the representatives of the exchange. He also added that the increase in the number of investment accounts indicates positive market prospects and its attractiveness for new players.