The value of market maker companies' trading in shares of listed UAE companies increased by 7 percent during the year 2023, compared to 2022.
According to data from the UAE financial markets, Dubai and Abu Dhabi, market maker companies recorded trades worth 70 billion dirhams in shares of listed Emirati companies during 2023, compared to 65.6 billion dirhams recorded by companies during 2022.
Abu Dhabi Market data showed that market maker companies recorded trades worth 50 billion dirhams, with 13.7 billion shares traded, through about 856,795 transactions.
In the Dubai Financial Market, 4 market maker companies recorded trades worth 19.9 billion dirhams, with 6.5 billion shares traded, executed through 448,837 transactions.
Trading through market maker activity was recorded at approximately 20.2 billion shares, through more than 1.3 million trading transactions during the year 2023.
These companies join Q Market Maker, Al Ramz Capital, BHM Capital Financial Services, XCube, Arqaam Market Maker, and Laval.
Market maker trades accounted for 8.3 percent of the total value traded in UAE markets during 2023, which amounted to 842 billion dirhams in buying and selling.
The quantities traded through the market maker represented about 9.1 percent of the 221.6 billion shares bought and sold.
It also accounted for 12 percent of the volume of concluded deals, which totaled about 10.8 million deals in the two markets.
Who is the market maker?
The market maker aims to achieve a wide range of goals, the most important of which is enhancing the competitiveness of the financial markets in the Emirates and attracting more capital and investors from inside and outside the country.
The role of market makers in the UAE stock exchanges lies in ensuring a continuous balance between supply and demand and reducing the gap between buying and selling prices in the securities trading market.
Performance of UAE stock exchanges in 2023
The performance of UAE financial market indices varied at the end of the last sessions of 2023, with increasing expectations of a reduction in US interest rates early next year, in addition to the continuation of the war in Ukraine and the escalation of tensions in the Middle East.
The Dubai Financial Market recorded market gains amounting to 106.019 billion dirhams, and the Abu Dhabi Securities Market achieved market gains amounting to 326.101 billion dirhams, with a total gain amounting to 432.12 billion dirhams. Equivalent to $117.67 billion.
During the current year, the UAE markets attracted about 8 new IPOs after the local markets demonstrated their flexibility in the face of global fluctuations in a step that contributed to increasing the depth of the markets, enhancing their investment attractiveness, and attracting a new segment of investors. Which has consolidated its position as one of the most important financial and business markets in the world.
The companies that were floated to the markets included ADNOC Gas, Presight AA Holding PLC, a subsidiary of the G42 Group, Al Ansari Financial Services Group, ADNOC Logistics and Services, PLC, Dubai Taxi, Investcorp Capital Capital Services, Phoenix Group, and PureHealth Group. .
The new initial offerings raised approximately 22.4 billion dirhams amid record demand from investors, sovereign funds, and global investment portfolios, with the total demand for 6 of these offerings reaching more than 1.43 trillion dirhams.
It is noteworthy that the UAE financial markets achieved a profit of 1.154 trillion dirhams in 2022, distributed by gains for the Dubai Financial Market amounting to 170.715 billion dirhams, and profits for the Abu Dhabi Securities Market amounting to 984 billion dirhams.
