UAE stock markets grow by AED257 bn, fueled by strong economy

Post by: Bandan Preet

Photo: WAM 

The UAE’s stock markets showed impressive growth, driven by a strong economy, foreign investments, and initial public offerings (IPOs). Both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) saw their market value and trading volumes increase significantly, making the UAE one of the top investment destinations in the region.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel  

By the end of the year, the combined market value of the Dubai and Abu Dhabi stock markets reached AED 3.905 trillion, a rise from AED 3.648 trillion at the end of the previous year. This increase of about AED 257 billion shows the strong performance of the UAE stock markets.

The Abu Dhabi Securities Exchange (ADX) had a market value of AED 2.998 trillion by December 31, 2024, up from AED 2.961 trillion at the end of 2023. The Dubai Financial Market (DFM) also saw a rise, with its market value reaching AED 906.912 billion, compared to AED 687.5 billion the year before.

In terms of trading activity, the markets saw a total of more than AED 449 billion in trades throughout 2024. The ADX accounted for AED 342.4 billion, while the DFM had AED 106.7 billion in trading value. Over the year, the markets saw over 142 billion shares being traded, with the ADX handling 90.16 billion shares and the DFM 51.85 billion shares. In total, more than 7.2 million transactions were made across both exchanges.

At the end of 2024, the FTSE ADX General Index closed at 9,414.460 points, while the DFM General Index finished at 5,158.670 points.

This performance shows the UAE's growing strength as a key player in the global investment market, continuing its positive momentum from previous years.

#trending #latest #UAEstockmarkets #investmentgrowth #ADX #DFM #UAEeconomy #foreigninvestments #IPOs #marketcapitalisation #tradingvolumes #stockmarketperformance #globalinvestment #UAEfinance #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai