UAE markets add $60 billion to their market value in 6 months

UAE stock markets enjoyed a positive performance in the first half of the year as it added nearly 220 billion dirhams (about $60 billion) to its market capitalization, fueled by new listings and increased demand from international investors.

Markets’ market capitalization was boosted by four new listings in the first half, including “ADNOC Gas”, “Bresite” for artificial intelligence solutions and “ADNOC Logistics and Services” on the Abu Dhabi market. “Al Ansari” shares for financial services on the Dubai Financial Market.

The market capitalization of listed stocks rose from 3.206 trillion dirhams (about 870 billion dollars) at the end of last year to 3.426 trillion dirhams (about 930 billion dollars) in the last session of this June, with 2.774 trillion dirhams (760 billion dollars) distributed. dollars for shares listed on the Abu Dhabi Stock Exchange and 652.1 billion dirhams ($177.5 billion) for shares listed on the Dubai Financial Market.

In the first six months of this year, local stocks attracted liquidity exceeding $59.35 billion, with $46.72 billion distributed on the Abu Dhabi Stock Exchange and $12.63 billion on the Dubai Financial Market, while around 53 billion shares were traded, including 27.6 billion shares. Abu Dhabi Stock Exchange 25.4 billion shares in the Abu Dhabi and Dubai markets, with over 2.5 million transactions executed in the two markets.

Abu Dhabi Market

The Abu Dhabi market index, “Vadex 15”, ended the first half of the year at 9380.24 points, while the FTSE index Abu Dhabi Public Market “Fadji” ended at 9550.4 points. The consumer goods index rose 24.2 percent, real estate 15.8 percent and services 3.58 percent.

In the Abu Dhabi market, shares of “Americana” increased by 42.2 percent, “Aqtia” by 24.6 percent, “Adnoc Drilling” by 19.5 percent, “Abu Dhabi Islamic” by 16.8 percent, “Al-Dhar” by 14.9 percent, and “Abu Dhabi Ports” by 12 percent. percent, and “ADNOC Gas” 9.6 percent, Borouge 4.3 percent, and Yahsat 2 percent.

And “Al-Alamiya Holding” received the largest share of trading, attracting more than 52.1 billion dirhams in cash flow, followed by “Al-Facebook” with about 14.8 billion dirhams, then “Multiple” with 10.8 billion dirhams and “First Abu Dhabi” ” 8.2 billion dirhams and “Al -Tar” 6.6 billion dirhams.

Dubai market

In the first half, the Dubai General Market Index rose 13.67 percent or equivalent to 455.9 points, from 3336.07 points at the end of last year, to 3791.99 points in the last sessions of this June. The index gained 19.9 percent, real estate 16.9 percent, services 13.3 percent and financials 11.4 percent.

The performance of the Dubai market increased as “Emirates NBD” shares rose 14.2 percent, “Emaar Properties” 9.2 percent, “Dewa” 15 percent, “Emaar Development” 34.2 percent and “Tecom” 10 percent. percent, “Air Arabia” 13.5 percent, and “Salik” 33.5 percent, “Dubai Investments” 8 percent and “Empower” 38 percent, while “Gulf Navigation” achieved strong gains exceeding 494 percent.

And “Emaar Properties” received the largest share of trading in the first half, attracting liquidity of about 10.8 billion dirhams, “Emirates NBD” 3.9 billion dirhams, “Deva” 3.6 billion dirhams, “Dubai Islamic” 3.3 billion dirhams and “Ajman Bank”. 3.26 billion dirhams.