Media ININ Economy We Trust
Abu Dhabi on December 23 /
The local financial markets have witnessed remarkable activity since the beginning of this year, amid a significant increase in the values and volumes of trading and executed deals, in an indication of their investment attractiveness, and the increased demand on the part of international investors, in light of the presence of many new listings in addition to the strength and durability of the country’s economic foundations.
According to the monitoring of the Emirates News Agency, WAM, the total liquidity of local stocks jumped to 533.3 billion dirhams during the current year 2022, an increase of 25.2% compared to 426.1 billion dirhams during the past year 2021.
The liquidity of the Abu Dhabi Stock Exchange reached about 444.27 billion dirhams during 2022, an increase of 23% compared to about 361.39 billion dirhams during the past year, while the Dubai Financial Market attracted about 89.04 billion dirhams during the current year, a growth of 37.6%, compared to about 64.7 billion dirhams. During the year 2021.
And the shares of 6 listed companies acquired about 53.2%, or the equivalent of 283.88 billion dirhams, of market liquidity during 2022, led by “Al-Alamiah Holding” by about 71.9 billion dirhams, with a share of 14.3%, after trading on 302.9 million shares through 185.5 thousand deals. Alpha Abu Dhabi Holding” came second, attracting liquidity of about 60.5 billion dirhams, or 11.3%, amid transactions of about 2.3 billion shares through the implementation of 105.9 thousand transactions.
The “First Abu Dhabi” stock came in third place, attracting liquidity of about 53.7 billion dirhams, or 10.1%, after trading 2.669 billion shares through 212.5 thousand transactions, and fourthly, “Al-Dar Properties” with a liquidity of 37.2 billion dirhams, representing a share of 7% of the total trading. This was after 8.05 billion shares were traded through the execution of 192.7 thousand deals.
The “Multiplay Group” share ranked fifth, with a share of 5.55%, equivalent to liquidity of about 29.6 million dirhams, after trading 10.92 billion shares through 173.2 thousand deals, while the “Emaar Properties” share came in sixth place, attracting liquidity of about 26.6 billion dirhams, with a share of 5%, in mid-trading. It exceeded 4.6 billion dirhams by executing 321.1 thousand transactions.
In terms of trading volumes, the markets witnessed trading of more than 117.7 billion shares during 2022, an increase of 13.8% compared to about 103.6 billion shares during 2021, and trading was distributed by 79.7 billion shares in the Abu Dhabi market and 38 billion shares in the Dubai market.
As for the deals, they increased significantly after the execution of about 4.2 million deals during 2022, a growth of 98.3%, compared to about 2.1 million deals during the past year. financial increase by 83%.
The new offerings were a major supporter of the market activity this year, the most prominent of which is the initial offering of the Dubai Electricity and Water Authority “DEWA” in the Dubai Financial Market, as the largest offering ever in the country and the largest in the Europe, Middle East and Africa region since the beginning of 2022, in addition to the offering of “Borouge” and Tecom, Salik, Empower, Burjeel, Abu Dhabi Ports, Taaleem and Americana.
It is expected that the markets will continue their activity in 2023 in light of the presence of many incentives, on top of which are the strong results of the listed companies, in addition to the launch of many listings for a group of government and semi-governmental companies in promising sectors, which establishes the status of the local markets as one of the most important financial markets at both levels. regional and global.
