The local UAE stock market witnessed a significant increase in market value, soaring by approximately AED 220B in the first six months of 2023. Foreign investors are driving the surge in demand, while new listings are contributing to the increase.
Among the notable listings that contributed to the market value growth were ADNOC Gas and Presight AI in the Abu Dhabi Securities Exchange (ADX), and ADNOC Supply and Services and Al Ansari Financial Services in the Dubai Financial Market (DFM). By the end of June, the combined market value of stocks traded on the UAE’s primary exchanges reached AED 3.426T. The ADX accounted for the majority with AED 2.774T, while the DFM held AED 652.1B.
During the first half of the year, trading activities in local stocks amounted to over AED 218B, with AED 171.6B attributed to the ADX and AED 46.4B to the DFM. The total number of shares traded exceeded 53 billion, divided between 27.6 billion in Abu Dhabi and 25.4 billion in Dubai. Throughout this period, both markets collectively executed more than 2.5 million transactions.
UAE Stock Markets- ADX and DFM
Abu Dhabi Securities Exchange (ADX) operates as a market for trading securities. ADX is affiliated with ADQ, a prominent holding company in Abu Dhabi, and offers a diverse range of financial instruments approved by the UAE Securities and Commodities Authority. With its stable financial performance and alignment with the UAE’s “Towards the next 50” agenda, ADX is the second-largest market in the Arab region. It supports the country’s strategic development scheme, fostering a sustainable, diversified, and high-value-added economy in line with global sustainable development goals.
DFM, a prominent financial market in the region, has rapidly emerged as a leading centre of excellence, solidifying Dubai’s position as a powerful capital market hub. It embraces international best practices, catering to the evolving needs of local and global investors. The commitment of Dubai Financial Market (DFM) lies in delivering innovative products and services to facilitate trading, clearing, settlement, and depository of securities for investors and market participants. DFM strives to create an efficient, transparent, and liquid environment, ensuring a seamless experience for all involved.
