The United Arab Emirates state media says that the UAE stock markets have seen significant growth in 2024.
Publish dateWednesday 1 January 2025 - 13:05
According to Amac News: UAE state news agency "WAM" attributes this growth to a strong economy, foreign investments and initial public offerings (IPOs).
According to this media, both the Abu Dhabi Stock Exchange and the Dubai Financial Market experienced a significant increase in their market value and trading volume in 2024.
At the end of 2024, the total market value of the Dubai and Abu Dhabi stock exchanges exceeded 3.905 trillion dirhams. Meanwhile, this figure was 2.648 at the end of 2023.
Meanwhile, local markets also ended 2024 with an increase of about 257 billion dirhams in their investment.
The Abu Dhabi Stock Exchange (ADX) increased its market capitalization to AED 2.998 trillion at the end of the market on December 31, 2024, compared to AED 2.961 trillion at the end of 2023.
The Dubai Financial Market (DFM) also increased its market capitalization to 906.912 billion dirhams at the end of 2024, compared to 687.5 billion dirhams at the end of the previous year.
In terms of trading, local markets attracted more than AED 449 billion in trading value in 2024, which included AED 342.4 billion in ADX and AED 106.7 billion in DFM.
The total volume of shares traded during the year exceeded 142 billion shares, with 90.16 billion shares traded on the ADX and 51.85 billion shares traded on the DFM. Trading was done through more than 7.2 million transactions, including 4.655 million transactions on ADX and 2.55 million transactions on DFM.
At the end of the 2024 trading year, the FTSE ADX general index closed at 9,414,460 points, while the DFM general index ended today's session above 5,158,670 points.
According to this media, both the Abu Dhabi Stock Exchange and the Dubai Financial Market experienced a significant increase in their market value and trading volume in 2024.
At the end of 2024, the total market value of the Dubai and Abu Dhabi stock exchanges exceeded 3.905 trillion dirhams. Meanwhile, this figure was 2.648 at the end of 2023.
Meanwhile, local markets also ended 2024 with an increase of about 257 billion dirhams in their investment.
The Abu Dhabi Stock Exchange (ADX) increased its market capitalization to AED 2.998 trillion at the end of the market on December 31, 2024, compared to AED 2.961 trillion at the end of 2023.
The Dubai Financial Market (DFM) also increased its market capitalization to 906.912 billion dirhams at the end of 2024, compared to 687.5 billion dirhams at the end of the previous year.
In terms of trading, local markets attracted more than AED 449 billion in trading value in 2024, which included AED 342.4 billion in ADX and AED 106.7 billion in DFM.
The total volume of shares traded during the year exceeded 142 billion shares, with 90.16 billion shares traded on the ADX and 51.85 billion shares traded on the DFM. Trading was done through more than 7.2 million transactions, including 4.655 million transactions on ADX and 2.55 million transactions on DFM.
At the end of the 2024 trading year, the FTSE ADX general index closed at 9,414,460 points, while the DFM general index ended today's session above 5,158,670 points.
amacnews.com/vdcb.ab5urhbawe4pr.html
Source : news agency wam
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