November 29, 2023

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DFM internet revenue up 30% at Dh35.6 million in Q1-2023

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“DFM’s buying and selling worth reached Dh19 billion throughout the first-quarter of 2023 in comparison with Dh22.8 billion throughout the corresponding quarter of 2022,” mentioned Helal Saeed Al Marri, Chairman of DFM. “The DFM Normal Index superior 2.1 per cent and the market capitalisation elevated 2.4 per cent to Dh596 billion from its stage on the finish of 2022.”

Throughout the interval, DFM attracted 14,635 new traders, of which 78 per cent have been overseas traders, leading to a complete investor base of 1,185,291 representing 215 nationalities.

“International traders maintained their sturdy presence via a market share of 56 per cent of buying and selling worth throughout the first quarter and internet purchases of Dh636 million, whereas their possession reached 19 per cent of the market capitalisation on the finish of March 2023,” mentioned Al Marri. “Moreover, institutional traders’ share of buying and selling worth reached 68 per cent with internet purchases of Dh6.5 million.”

“We stay centered on delivering long-term worth to all our stakeholders and stay up for the remainder of the 12 months with confidence,” he added.

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