Emirates shares add 100 billion dirhams to its market capital since the beginning of 2023

Abu Dhabi, June 3 / Local stock markets added more than 100 billion dirhams to their market capital during the first five months of this year, supported by increased demand from international investors, in addition to new listings.

The market value of the markets was boosted by four new listings during the first five months, including “ADNOC Gas” and “Brisete” for artificial intelligence solutions in the Abu Dhabi market, and the listing of “MBME” as the first financial technology company to be listed on the “Nomu” platform in the Abu Dhabi market, in addition to To the listing of shares of “Al Ansari” for financial services on the Dubai Financial Market, while the Abu Dhabi market witnessed a new listing of “ADNOC Supply and Services” at the beginning of this June.

The market capital of listed shares rose from 3.206 trillion dirhams at the end of last year to 3.307 trillion dirhams at the end of last May, distributed by 2.685 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 621.5 billion dirhams for shares listed on the Dubai Financial Market.

Local stocks attracted liquidity that exceeded 188 billion dirhams during the first five months of this year, distributed by 152.6 billion dirhams in the Abu Dhabi Stock Exchange and 35.4 billion dirhams in the Dubai Financial Market, while about 41.5 billion shares were traded, of which 23.6 billion shares were in the market. Abu Dhabi and 17.8 billion shares in the Dubai market, through the implementation of more than 2.04 million transactions in the two markets.

The Abu Dhabi market index, “Vadex 15”, closed at the end of the first five months of this year at the level of 9232.89 points, while the FTSE Abu Dhabi General Market index, “Fadji”, closed at the level of 9406.57 points. The consumer goods index rose by 21.5%, real estate by 14%, communications 0.93%, and energy. 0.85%.

In the Abu Dhabi market, “Americana” rose by nearly 39.4%, “Agthia” 22.6%, “ADNOC Drilling” 21.8%, “Al-Dar” 15.1%, “Abu Dhabi Ports” 14.3%, “ADNOC Gas” 10%, and “Abu Dhabi Islamic” 9.77%. %, Yahsat 2.4%, and Borouge 2.4%.

And “Al-Alamiya Holding” acquired the largest share of trading, attracting liquidity of more than 48 billion dirhams, followed by “Al-Facebook” with about 12.8 billion dirhams, then “Multiple” with 9.5 billion dirhams, and “First Abu Dhabi” with 7.16 billion dirhams and “Al-Dar” with 6.2 billion dirhams. dirhams.

The Dubai General Market Index rose by 7.21%, or the equivalent of 240.5 points, during the first five months, to jump from the level of 3336.07 points at the end of last year to 3576.63 points at the end of last May, with the industry sector index rising 11.5%, real estate 10%, services 8.3%, and financial 6.1. %.

Emirates NBD rose 5%, Emaar Properties 4.83%, DEWA 8%, Emaar Development 19.5%, TECOM 8.5%, Air Arabia 5.5%, Salik 24%, and Dubai. Investment “1.5% and “Empower” 29%, while “Gulf Navigation” achieved strong gains exceeding 370%.

And “Emaar Properties” acquired the largest share of trading during the first five months of this year, attracting liquidity of about 9.5 billion dirhams, “Emirates NBD” 3.2 billion dirhams, “Dubai Islamic” 2.8 billion dirhams, and “Ajman Bank” 2.5 billion. dirhams.