The Dubai Monetary Market (DFM) witnessed a major surge in new investor participation in the course of the first quarter of 2024.In accordance with Hamed Ali,Chief Government Officer of DFM,the market attracted a staggering ten occasions the common variety of new traders in comparison with the five-year interval main as much as 2019.This spectacular development highlights the DFM’s rising attraction and its efforts to domesticate a broader investor base.
Ali made these remarks throughout a panel dialogue on the 2nd Capital Markets Summit 2024.He emphasised that attracting new traders is a high precedence for the DFM,and their current success displays this dedication.Notably,the primary quarter of 2024 noticed an inflow of roughly 44,000 new traders,a major enhance from the pre-2019 common.
Intriguingly,a considerable portion of this development got here from worldwide individuals.Ali revealed {that a} outstanding 85% of the brand new traders in Q1 2024 hailed from international locations around the globe,demonstrating the DFM’s increasing international attain.This worldwide participation is a optimistic indicator of investor confidence within the Dubai market and its potential for development.
The DFM’s CEO additionally highlighted the success of current preliminary public choices (IPOs) as a possible driver of investor curiosity.He pointed to eight profitable IPOs within the current previous,collectively elevating a considerable AED 35 billion (roughly USD 9.5 billion) in capital.The overwhelming demand for these choices,with subscription requests exceeding AED 1 trillion (roughly USD 272 billion),additional underscores the market’s rising vibrancy.
This surge in investor participation aligns with the DFM’s strategic give attention to attracting high-quality liquidity.Ali expressed his confidence that the rising weight of Gulf exchanges within the rising markets index is a testomony to this technique.The DFM’s initiatives seem like yielding optimistic outcomes,fostering a extra dynamic and internationally acknowledged market.
Trying forward,the DFM’s management stays dedicated to attracting new traders and fostering a strong and diversified market ecosystem.Their continued efforts to reinforce transparency,streamline laws,and create a extra accessible platform for traders are prone to play a vital position in sustaining this momentum.The DFM’s success story serves for instance for different regional exchanges,demonstrating the potential for attracting international funding and propelling financial development.