UAE financial market indicators have varied since the beginning of this year, amid the banking sector crisis in the United States of America and the announcement of the bankruptcy of three major banks, and investors' concerns about the US central bank's continued decisions to raise federal interest rates to curb inflation.
According to a survey conducted directly based on the data of the UAE financial markets, the Dubai Financial Market recorded market gains amounting to 25.277 billion dirhams, equivalent to 6.88 billion dollars, and the Abu Dhabi Stock Exchange achieved profits amounting to 121 billion dirhams, with a total profit of 146.277 billion dirhams, equivalent to 39.9 billion. dollar.
Dubai Stock Exchange
The Dubai Financial Market index rose by about 4.04 percent since the beginning of this year, reaching the level of 3471 points, compared to about 3336 points, by the end of the 2022 sessions.
The market value of the Dubai Financial Market
The market value of Dubai shares recorded 605.762 billion dirhams at the close of trading on April 19, 2023, compared to about 580.485 billion dirhams at the end of last year’s transactions, with market profits amounting to 25.277 billion dirhams.
Abu Dhabi Stock Exchange
The Abu Dhabi Securities Market has declined by 5.44 percent since the beginning of this year, reaching the level of 9,633 points, compared to about 10,188 points at the end of the 2022 sessions.
The shares of the International Holding Company decreased by 2.95 percent, Alfazbi Holding decreased by 19.04 percent, Multiple Play Group decreased by 31.47 percent, First Abu Dhabi Bank decreased by 23.47 percent, Dana Gas decreased by 5.91 percent, and Al Waha Capital decreased by 12.32 percent.
The market value of the Abu Dhabi Securities Exchange
The market value of Abu Dhabi shares recorded a value of 2.67 trillion dirhams during the current April 19 session, compared to a value of 2.55 trillion dirhams at the end of the Friday session corresponding to December 30, 2022, recording gains of about 121 billion dirhams.
It is noteworthy that the market value of shares rose from 3.29 trillion dirhams last March 22 to 3.36 trillion dirhams at the end of trading yesterday, the last sessions of the month of Ramadan.
The total market value of UAE stock market trading was distributed by 2.757 trillion dirhams for the Abu Dhabi Stock Exchange, and 607.13 billion dirhams for the Dubai Financial Market.
It is noteworthy that the UAE financial market indices jumped during the year 2022 amid the invasion launched by Russia on Ukraine, in addition to the Federal Reserve’s decisions to raise the interest rate since mid-March.
The Dubai Financial Market recorded market gains amounting to 170.715 billion dirhams, and the Abu Dhabi Stock Exchange achieved market profits amounting to 984 billion dirhams, with a total gain of 1.154 trillion dirhams, equivalent to 314 billion dollars.
