Emirati stocks have achieved returns exceeding 50% since the beginning of 2023.

Gulf Navigation Holding Company's stock topped the list of stocks listed in the UAE financial markets, Dubai and Abu Dhabi, with the highest returns during the period from the beginning of January until December 15, 2023.

According to statistics based on data from the UAE financial markets, the stock rose during the aforementioned period by 410.87 percent, amid transactions of 1.642 billion shares worth 6.657 billion dirhams.

Followed by Al-Fardous Holding Company shares, which rose by 194.57 percent amid transactions with a volume of 397.411 million shares, worth 219.504 million dirhams.

Third, the shares of Abu Dhabi National Hotels Company rose by 175.62 percent, and the stock witnessed transactions amounting to 1.370 billion dirhams, with a value of 1.070 billion dirhams.

In fourth place was the stock of Gulf Investment Company, which rose by 113.05 percent, amid transactions of 1.188 million shares worth 1.277 million dirhams.

Fifthly, Ajman Bank shares rose by 100.99 percent amid transactions volume of 3.772 billion shares, worth 6.666 billion dirhams.

In sixth place, Al Salam Bank's stock came with an increase of 99.36 percent, and the stock's share was traded with a volume of 191.727 million shares, worth 265.529 million dirhams.

Seventh, Ektittib Holding shares rose by 66.67 percent, amid transactions volume of 1.691 billion dirhams, worth 404.821 million dirhams.

In eighth place, BriSight stock came with an increase of 66.42 percent, and the stock witnessed transactions with a volume of 888.150 million shares, with a value of 2.758 billion dirhams.

It was followed by RAK Properties, which rose by 64.71 percent, amid transactions with a volume of 2.473 billion shares, worth 2.445 billion dirhams.

In tenth place, Emaar Development stock came with an increase of 62.13 percent, and the stock witnessed transactions with a volume of 642.207 million shares, worth 3.787 billion dirhams.

Mashreq Bank followed, which rose by 57.95 percent, amid transactions with a volume of 834,760 thousand shares, worth 107,154 million dirhams.

Then the Emirates Driving School stock rose by 57.82 percent, amid transactions of 3.620 million shares worth 102.806 million dirhams.

It was followed by Taaleem Holding shares, with an increase of 52.31 percent, amid transactions volume of 616.092 million shares, worth 2.316 billion dirhams.

Finally, United Arab Bank shares rose by 51.76 percent, and the stock witnessed transactions with a volume of 91.906 million shares, worth 113.188 million dirhams.

The performance of UAE financial market indices varied during the period from January to December 15, 2023, with the Dubai Financial Market rising while the Abu Dhabi Securities Market declined, amid the monetary tightening cycle by the Federal Reserve and the escalation of geopolitical events in the Middle East.

Net foreign investments in stocks in the UAE financial markets during the period from January to December 15, 2023 amounted to 1.431 billion dirhams ($389.884 million) as a result of the sale.

According to data from the UAE financial markets, foreign investors carried out purchasing operations in Dubai and Abu Dhabi shares worth 115.766 billion dirhams, compared to sales amounting to 117.197 billion dirhams, with a net sale of 1.431 billion dirhams.