BHM Capital, one of the leading financial institutions in the UAE capital markets, continues to hold its sway among the new investors keen to invest in Dubai Financial Market (DFM) in August 2023.
The company said that it had acquired 31.22% of the total new accounts on the DFM during August thus positioning BHM Capital as the top brokerage firm, with a total of 1,341 new accounts out of 4,295, enabling a larger number of investors to actively participate in public listing offerings and trade shares of listed companies.
According to monthly data from the DFM, BHM Capital continued to lead among brokerage firms operating in the market in terms of market share for the fourth consecutive month.
Their trading value reached $1.06 billion in August, representing 19.3% of the total value of traded stocks in Dubai during the month. This further solidifies their presence in the UAE’s leading financial markets and contributes to supporting trading activities and offering services that meet the expectations of investors.
Offering Innovative Facilities
Abdel Hadi Al Sa’di, CEO of BHM Capital, said that they were delighted with these new achievements, which reflected the status of the UAE’s economy and its leadership in its capital markets, overcoming many regional and global challenges.
“BHM Capital’s top ranking in the DFM’s brokers list confirmed their commitment to provide innovative facilities and services to clients who share our passion for the growth and prosperity of UAE’s financial sector,” he averred.
Al Sa’di noted that the increased interest of investors in investing in the UAE Market in 2023 was due to the announcement of the listing of government and semi-government companies and the growing reliance on digital channels to access market services.
“This saves a lot of time and effort and encourages more individuals and institutions to take advantage of the opportunities available in the market, especially with the innovative and advanced financial solutions offered by BHM Capital and its partners,” he added.
It may be recalled that BHM Capital had successfully completed its integration into the electronic platform and mobile application of the DFM earlier last month, allowing for quick and easy account opening for traders through the application.
Additionally, in the last week of August 2023, they entered strategic partnership with the “Tawasal Super App,” a leader in communications and lifestyle, to provide users of the application with fast, easy, and secure access to local and international financial markets through their financial platform.
About BHM Capital
BHM Capital is a leading financial services company listed in the DFM and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors.
Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.