The UAE stock markets closed the curtain on the last year 2023, adding more than 444.5 billion dirhams (about 121 billion dollars) to its market capitalization, supported by the strength of the local economy and strong gains for the leading stocks listed on the Abu Dhabi and Dubai markets, and increased demand from international institutions and investors, in addition to the listings. New.
The market capitalization rose from 3.206 trillion dirhams ($870 billion) at the end of the year 2022 to 3.651 trillion dirhams ($990 billion) at the end of the current year 2023, distributed at a rate of 2.963 trillion dirhams for the Abu Dhabi Securities Market and 687.5 billion dirhams for the Dubai Financial Market.
The market value of the local markets was enhanced thanks to the new listings that included ADNOC Gas, Brisight, Al Ansari Financial Services, ADNOC Logistics, Dubai Taxi, Investcorp Capital Capital Services, Phoenix Group and PureHealth, all of which contributed to increasing the depth of the markets and enhancing its investment attractiveness, in addition to attracting a new segment of investors.
UAE stocks attracted approximately 420.9 billion dirhams in liquidity during 2023, distributed at 319.8 billion dirhams in the Abu Dhabi market and 101.06 billion dirhams in the Dubai market. About 110.6 billion shares were traded, including 58.2 billion shares in Abu Dhabi and 52.4 billion shares in Dubai, through the implementation of... More than 5.4 million transactions.
