Stock markets in the UAE have multiplied 114 times since its inception, 3.2 trillion dirhams, the value of 142 listed companies

The UAE stock markets have succeeded in keeping pace with the rapid growth witnessed by the national economy since the establishment of the federation some 51 years ago, after it was a true mirror expressing the prosperity and economic growth of the country, with its market value multiplying by more than 114 times, exceeding 3.2 trillion dirhams, 22 years after its founding.

The continuous success of the local stock markets is a reflection of the march of prosperity, development and prosperity of the national economy, in addition to the continuous and continuous support under the wise leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Chairman of the Council of Ministers. Ministers and Ruler of Dubai, may God protect him, with the aim of strengthening the position of the markets at the regional and global levels, and doubling the value of the Abu Dhabi and Dubai financial markets, to reach 6 trillion dirhams during the next three years.

The market capitalization of shares listed in the local financial markets has doubled more than 114 times, jumping from 28.4 billion dirhams, to 3.247 trillion dirhams by the end of November 2022, of which 2.66 trillion is for the Abu Dhabi market and 582.4 billion is for the Dubai market.

The UAE markets witnessed a significant increase in the number of listed companies, reaching 142 companies, of which 67 are in Dubai Financial, including 14 double-listed companies, and about 88 companies are listed in Abu Dhabi Securities, including 75 public joint stock companies and 13 private joint stock companies, while the market includes There are also 13 traded investment funds and 39 debt instruments (bonds and sukuk).

Great developments

The big leap in the number of listed companies and the doubling of the market value of the local markets is a remarkable reflection of economic developments, and meeting the needs of economic construction that began to take an integrated and organizational framework in building state institutions, especially after the establishment of the federation, which had the greatest impact in creating an economy that has all the necessary ingredients for its existence. and its development.

The position that the UAE markets currently occupy and its continuous support for the national economy is the culmination of the continuous efforts within an integrated strategic plan developed by the Securities and Commodities Authority and the Abu Dhabi and Dubai Financial Markets, aimed at achieving leadership in the development of financial markets and contributing to supporting the growth of the national economy, according to the best international standards and practices. To enhance the country’s competitiveness in various indicators, reports and international forums.

The UAE markets derive their strength from several objective criteria related to the general indicators of the country’s economy, such as the size of the domestic product, per capita income, the stability of economic decisions and other matters that are available in the national economy of the UAE, which is characterized by strength, solidity and good growth rates that are not available in many emerging markets. And even some developed world markets.

Globalism

The development and growth in the UAE markets was not limited to the local level only, but rather extended to the global level after the UAE succeeded in establishing its position on the map of global stocks with recognition from “Morgan Stanley”, which decided several years ago to upgrade the UAE markets to the emerging market index after seeing the improvement resulting from Continuous development in a move that contributed to increasing the flow of foreign investments, in addition to the promotion of the S&P Dow Jones index and the FTSE index for emerging secondary markets, which contributed to enhancing the competitiveness of these markets at the global level and increased the attractiveness of the country’s markets to foreign investors. .