The UAE’s stock markets marked a stellar performance in 2024, reflecting a robust economy, surging foreign investments, and a series of initial public offerings (IPOs).
The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) both witnessed significant growth in market capitalisation and trading activity, cementing the UAE’s status as a premier investment destination in the region.
By the end of 2024, the combined market capitalisation of ADX and DFM exceeded AED3.905 trillion, a remarkable increase from AED3.648 trillion at the close of 2023. This growth translated to an impressive AED257 billion rise in market value over the year.
The ADX saw its market cap climb to AED2.998 trillion by December 31, 2024, up from AED2.961 trillion at the end of 2023. Meanwhile, the DFM demonstrated exceptional growth, with its market cap surging to AED906.912 billion, compared to AED687.5 billion in 2023.
Trading activity was equally robust, with total trading value surpassing AED449 billion across both markets. The ADX accounted for AED342.4 billion, while the DFM contributed AED106.7 billion. The combined trading volume exceeded 142 billion shares, facilitated through over 7.2 million transactions.
Index performances also reflected this upward trend. The FTSE ADX General Index closed at 9,414.460 points, and the DFM General Index ended the year at 5,158.670 points.
The UAE’s impressive market performance in 2024 underscores its growing appeal as a global financial hub, positioning the country as a beacon for investors worldwide.
News Source: Emirates News Agency
