UAE stock markets value increased by AED220bn ($60bn) in the first six months of 2023, boosted by higher demand from foreign investors and new listings.
Four new listings boosted the market value of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), including ADNOC Gas and Presight AI in the ADX, and ADNOC Supply and Services and Al Ansari Financial Services in the DFM.
The value of stocks traded on the UAE’s two main exchanges rose by AED220bn in the first half of 2023, reaching AED3.426tn ($933bn) by June.
UAE stock market value
The ADX accounted for AED2.774tn ($755bn), while the DFM accounted for AED652.1bn ($178bn).
In the first half of this year, trading activities in local stocks were valued at more than AED218bn ($59.4bn).
Most of this amount, or AED171.6bn ($46.7bn) , went to the ADX, while the rest, or AED46.4bn ($12.6bn), went to the DFM.
The total number of shares traded was around 53bn, split between 27.6bn in Abu Dhabi and 25.4bn in Dubai.
Both markets completed more than 2.5m transactions during this period.
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