The Abu Dhabi Stock Exchange is the best performing Gulf market and the second in the Arab world in 2022

Abu Dhabi, January 2 / The Abu Dhabi Securities Market achieved the best annual performance at the level of the stock exchanges of the Gulf Cooperation Council countries, while it ranked second in terms of Arab stock exchanges during the past year 2022, supported by strong gains for the listed shares, and increased demand on the part of international investors, in addition to New listings.
The monitoring of the Emirates News Agency, WAM, showed the rise of the Abu Dhabi General Market Index, “Fadji”, by 20.3% during the past year, to jump from the level of 8488.36 points, closing at 10211.09 points by the end of 2022, while the Dubai General Market Index increased by 4.4%, to rise from 3195.9 points to reach 3336.09 points at the end of last year.
And the market capital of local shares gained nearly 1.2 trillion dirhams during the past year, bringing the market capitalization from 2.038 trillion dirhams at the end of 2021 to 3.206 trillion dirhams at the end of 2022, distributed by 2.624 trillion dirhams for the Abu Dhabi Stock Exchange and 581.9 billion dirhams for the Dubai Financial Market. .
The performance of the UAE markets was strengthened during the past year thanks to a number of factors, on top of which were the new listings, which included “Abu Dhabi Ports”, “Dewa”, “Borouge”, “GFH”, “Invictus Investments”, “Tecom”, “Union Coop” and “Salik”, “Barjeel”, “Bayanat”, “Empower” and “Taaleem”, all of which contributed to increasing the depth of the markets, enhancing its investment attractiveness, in addition to attracting a new segment of investors.
According to “WAM” monitoring, the Egyptian Stock Exchange ranked first after the rise of its main index, “EGX30”, by 22.2%, to rise from the level of 11949.18 points at the end of 2021, to reach 14598.53 points at the end of 2022, while the Amman Stock Exchange rose by 18.1% to close At 2501.6 points, the Tunis Stock Exchange increased by 15.1% to 8109.68 points.
The Kuwait Stock Exchange increased by 6.2% to 8115.68 points over the past year, the Bahrain Stock Exchange increased by 5.5% to 1895.27 points, the Palestine Stock Exchange increased by 4.8% to 637.68 points, and the Damascus Stock Exchange increased by 2.9% to 585.95 points, while the Saudi Stock Exchange “Tadawul” reached the level of 10478.46 points, the Qatar Stock Exchange to 10,681.07 points, and the Casablanca Stock Exchange to 10,720.25 points by the end of 2022.
During the past year, the Arab stock exchanges succeeded in achieving a better performance than the global markets, which bid farewell to the year with sharp losses, the largest since the global financial crisis in 2008, in light of the growing fears of investors about the recession of the global economy and the tightening of monetary policy to curb inflation, which reached levels unprecedented in decades.
US stock markets recorded the largest annual loss since the global financial crisis, after the Federal Reserve raised interest rates 7 times to a range between 4.25% and 4.5%, to control high inflation rates.
Chinese stocks also suffered the worst annual loss since 2018, affected by several factors, including the “Covid-19” policy, the real estate crisis and the Federal Reserve’s tightening of monetary policy, while Japanese stocks recorded their first annual loss in 4 years, while European stocks achieved worse this year. Performing since 2018.
The decline in global financial markets comes under the pressure of geopolitical tensions and their repercussions that were reflected in the global supply chain, especially commodities, and the strict closures imposed by China on supply chains during the year, in addition to the markets being affected by the prevailing trend of global inflation and the steps taken by global central banks and their raising of interest rates at a rapid pace. Unprecedented.