UAE stock markets added more than 100 billion dirhams to their market capital during the first five months of this year, supported by increased demand from international investors, in addition to new listings.
The Emirates News Agency, WAM, stated that the market value of the markets was strengthened by four new listings during the first five months, which included “ADNOC Gas” and “Brisket” for artificial intelligence solutions in the Abu Dhabi market, and the listing of “MBME” as the first financial technology company to be listed in the Abu Dhabi Market. The “Nomu” platform in the Abu Dhabi market, in addition to the listing of “Al Ansari” financial services shares in the Dubai Financial Market, while the Abu Dhabi market witnessed a new listing of “ADNOC Logistics and Services” at the beginning of this June.
The market capital of listed shares rose from 3.206 trillion dirhams at the end of last year to 3.307 trillion dirhams at the end of last May, distributed by 2.685 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 621.5 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity that exceeded 188 billion dirhams during the first five months of this year, distributed by 152.6 billion dirhams in the Abu Dhabi Stock Exchange and 35.4 billion dirhams in the Dubai Financial Market, while about 41.5 billion shares were traded, of which 23.6 billion shares were in the market. Abu Dhabi and 17.8 billion shares in the Dubai market, through the implementation of more than 2.04 million transactions in the two markets.
The Abu Dhabi market index, “Vadex 15”, closed at the end of the first five months of this year at the level of 9232.89 points, while the FTSE index closed the Abu Dhabi general market “Fadji” at the level of 9406.57 points, and the consumer goods index rose by 21.5%, real estate by 14%, communications 0.93%, and energy. 0.85%.
In the Abu Dhabi market, “Americana” rose by nearly 39.4%, “Agthia” 22.6%, “ADNOC Drilling” 21.8%, “Al-Dar” 15.1%, “Abu Dhabi Ports” 14.3%, “ADNOC Gas” 10%, and “Abu Dhabi Islamic” 9.77%. %, Yahsat 2.4%, and Borouge 2.4%.