Local stock exchanges added more than 100 billion dirhams to their market capitalization in the first five months of 2023, fueled by increased demand from international investors in addition to new listings.
The market capitalization of the markets was boosted in the first five months by four new listings on the Abu Dhabi Stock Exchange: “ADNOC Gas” and “Presite” for artificial intelligence solutions and “MBME” for the first financial technology listing. A company listed on the “Nomu” platform in the market. Abu Dhabi, In addition to the listing of “Al-Ansari” shares for financial services on the Dubai Financial Market, “Abu Dhabi Securities” saw the new listing of “ADNOC Supply and Services” earlier this June.
Capital and Liquidity
The market capitalization of listed stocks increased from 3.206 trillion dirhams at the end of last year to 3.307 trillion dirhams at the end of May 2023, 2.685 trillion dirhams were distributed to listed stocks on the Abu Dhabi Stock Exchange, and 621.5 billion dirhams were distributed to equities. Listed on the Dubai Financial Market.
Local stocks attracted liquidity exceeding 188 billion dirhams in the first five months of the year, with 152.6 billion dirhams distributed on the Abu Dhabi Stock Exchange and 35.4 billion dirhams on the Dubai Financial Market, with around 41.5 billion shares traded. 23.6 billion shares on the Abu Dhabi Stock Exchange and 17.8 billion shares on the Dubai Financial Market by executing more than 2.04 million transactions across the two markets.
Dubai Financial Market
The Dubai Financial Market general index rose 7.21% – or the equivalent of 240.5 points in the first five months, jumping from 3336.07 points at the end of last year to reach 3576.63 points at the end of May 2023. Industrials index rose 11.5%, real estate 10% and services 8.3% and financials 6.1%.
Emirates NBD 5%, Emaar Properties 4.83%, DEWA 8%, Emaar Development 19.5%, Tecom 8.5%, Air Arabia 5.5%, and Salik. » 24%, «Dubai Investments» 1.5%, and «Empower» 29%, “Gulf Navigation” shares achieved strong gains exceeding 370%.
In turn, the share of “Emaar Properties” received the largest share of trade in the first five months of this year, about 9.5 billion dirhams, “Emirates NBD” 3.2 billion dirhams, “Dubai Islamic” 2.8 billion dirhams and “Bank of Ajman» 2.5 billion dirhams.
Abu Dhabi Securities
In turn, the Abu Dhabi market index «Fadex 15» ended the first five months of the year with 9232.89 points, while the FTSE Abu Dhabi general market index «Fadji» ended at 9406.57 points. Consumer staples rose 21.5%, real estate 14%, communications 0.93% and energy 0.85%.
On the Abu Dhabi Stock Exchange, shares of companies rose: “Americana” nearly 39.4%, “Aqtia” 22.6%, “ADNOC Drilling” 21.8%, “Al-Dhar” 15.1%, “Abu Dhabi Ports” 14.3%, and “Abu Dhabi Ports” 14.3%. . ADNOC Gas 10%, Abu Dhabi Islamic Bank 9.77%, Yahsat 2.4%, and Borouge 2.4%.
In turn, “Al-Alamiya Holding” received the largest share of stock trading, attracting more than 48 billion dirhams in liquidity, followed by “Alpha Abu Dhabi” with about 12.8 billion dirhams, then “Multiplay” with 9.5 billion dirhams, and “First Abu Dhabi” with 7.16 billion dirhams, and “Al-Dar” 6.2 billion dirhams.
