The UAE’s inventory markets skilled substantial progress in 2024, pushed by a robust economy, overseas investments, and IPOs. Both the Abu Dhabi Securities Exchange and the Dubai Financial Market noticed vital will increase of their market cap and buying and selling volumes. This progress solidified the UAE’s place as a number one funding vacation spot within the area.
At the tip of 2024, the mixed market cap of the Dubai and Abu Dhabi inventory markets overseas funding surpassed AED3.905 trillion, in comparison with AED3.648 trillion on the finish of 2023.
With this efficiency, the native markets solidified the momentum that they had gained in earlier years, reinforcing their place as probably the most outstanding funding locations within the area and the world, and concluded 2024 with a powerful improve of roughly AED257 billion of their market capitalisation.
The Abu Dhabi Securities Exchange (ADX) noticed its market capitalisation develop to AED2.998 trillion on the shut of the market on December 31, 2024, in comparison with AED 2.961 trillion on the finish of 2023.
The Dubai Financial Market (DFM) additionally boosted its market capitalisation to AED906.912 billion on the finish of 2024, in comparison with AED687.5 billion on the finish of the earlier yr.
In phrases of buying and selling, the native markets attracted greater than AED449 billion in buying and selling worth throughout 2024, with AED342.4 billion on the ADX and AED106.7 billion on the DFM.
The complete quantity of shares traded through the yr exceeded 142 billion shares, with 90.16 billion shares traded on the ADX and 51.85 billion shares on the DFM. Trading passed off by way of greater than 7.2 million transactions, with 4.655 million on the ADX and a couple of.55 million on the DFM.
At the shut of the 2024 buying and selling yr, the FTSE ADX General closed at 9,414.460 factors, whereas the DFM General Index ended in the present day’s session above 5,158.670 factors.