In 2024, the UAE’s stock markets saw significant growth, driven by a strong economy, foreign investments, and a surge in IPOs.
Both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) reported notable increases in market capitalisation and trading volumes.
By the end of 2024, the combined market cap of the Dubai and Abu Dhabi stock markets had exceeded AED 3.905T, up from AED 3.648T at the close of 2023.
This performance reinforced the momentum built in previous years, solidifying the local markets’ position as one of the leading investment destinations globally, concluding 2024 with an impressive AED 257B increase in market capitalisation.
The ADX saw its market capitalisation rise to AED 2.998T by December 31, 2024, compared to AED 2.961T the previous year.
Similarly, the DFM’s market capitalisation grew to AED 906.912B by the end of 2024, up from AED 687.5B at the close of 2023.
In trading, the UAE’s markets attracted over AED 449B in value during 2024, with AED 342.4B on the ADX and AED 106.7B on the DFM.
The total volume of shares traded exceeded 142B, with 90.16B shares on the ADX and 51.85B shares on the DFM.
More than 7.2 million transactions occurred, with 4.655 million on the ADX and 2.55 million on the DFM.
At the close of the 2024 trading year, the FTSE ADX General Index finished at 9,414.460 points, while the DFM General Index closed above 5,158.670 points.
