The Dubai Financial Market (DFM) general index registered exceptional performance last year, crossing the 4,000-point milestone for the first time in eight years.
This success was driven by a significant increase in trading activities, capital inflows and the introduction of an IPO accelerator programme.
The DFM secured the fifth position globally in 2023, surpassing major global markets and attracting 230,000 new investors.
It also witnessed substantial growth in market capitalisation, rising to AED 688 billion at the end of last year.
The achievements were reviewed by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and Chairman of the Dubai Securities & Exchange Higher Committee.
"The accomplishments of the Securities and Exchange Higher Committee in advancing capital markets have played a crucial role in fostering growth and consolidating Dubai’s leading position on the global financial stage, aligning with our comprehensive vision for the emirate," said Sheikh Maktoum.
.@MaktoumMohammed briefed on achievements, future projects of #Dubai's Securities and Exchange Higher Committee.@DFMalerts is attracting 230,000 new investors since 2022. It ranked 5th globally in terms of market index growth compared to other global markets, in addition to… pic.twitter.com/jjZ2sFrzLc
— Dubai Media Office (@DXBMediaOffice) March 13, 2024
DIFC joins 4th edition of 1 Billion Followers Summit as Gold Partner
Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Ferrari leads as Sportico’s F1 team values soar past $34B
Dubai Chambers opens first US office in New York
Dubai Exhibition Centre gears up for mega events
