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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

DFM registers 34,800 new accounts in 8 months

The surge comes amidst heightened market activity following the listing of ten government and semi-government entities.
  • The number of newly registered investor accounts exceeded 51 percent during the first eight months of the year
  • 29 brokerage firms listed on the DFM conducted over 2.57 million deals on 80 billion shares worth $37.1 billion

Dubai, UAE – Brokerage firms in the Dubai Financial Market (DFM) witnessed a substantial influx of New Investor Numbers (NIN), totaling 34,818 during the first eight months of the current fiscal year.

This surge comes amidst heightened market activity following the listing of ten government and semi-government entities, including the Dubai Electricity and Water Authority (DEWA), TECOM Group, Union Coop, Salik, Empower, Taaleem, and Al Ansari Financial Services, which significantly bolstered the market’s appeal and attracted new types of investors.

Based on data provided by the DFM, the number of newly registered investor accounts saw an impressive growth rate, exceeding 51 percent during the first eight months of the year. This compares to the 23,039 new accounts recorded during the corresponding period in 2022.

These newly opened accounts were distributed as follows: 4,295 in August, 3,570 in July, 4,246 in June, 5,349 in May, 4,246 in April, 6,591 in March, 3,436 in February, and 3,082 in January.

The financial entity, Emirates NBD Securities, claimed the lion’s share of these new investor accounts during the first eight months of the year, totaling 8,115 accounts.

Deals

In the first eight months of the year, 29 brokerage firms listed on Dubai Financial Market (DFM) conducted over 2.57 million deals on 80 billion shares worth $37.1 billion (AED 136.4 billion).

EFG Hermes emerged as the best performer, dominating the lion’s share of 17.9 percent ($6.7 billion) of the brokers’ total trades in the said period, followed by BHM Capital Financial Services with 16.4 percent ($5.9 billion), Arqaam Securities with 10.8 percent ($4.2 billion), and then Emirates NBD with 8.2 percent ($3.4 billion).