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The local financial markets have witnessed remarkable activity since the beginning of this year, amid a significant increase in the values and volumes of trades and executed deals, in an indication of their investment attractiveness, and the increase in demand from international investors, in light of the presence of many new listings, in addition to the strength and durability of the country’s economic foundations.
«International Holding» 71.9 billion dirhams
«First Abu Dhabi» 52.7 billion dirhams
«Aldar Properties» 36.14 billion dirhams
«Alpha Abu Dhabi» 31.12 billion dirhams
«Emaar Properties» 24.39 billion dirhams
According to the monitoring of the Emirates News Agency “WAM”, the liquidity of local shares has jumped to 466.3 billion dirhams since the beginning of this year, an increase of 25.2 percent, compared to 372.6 billion dirhams during the same period last year.
The liquidity of the Abu Dhabi Securities Exchange reached about 384.36 billion dirhams since the beginning of 2022, an increase of 21.3% compared to about 316.8 billion dirhams during the same period last year, while the Dubai Financial Market attracted about 81.9 billion dirhams since the beginning of this year, a growth of 46.9%, Compared to about 55.8 billion dirhams during the comparable period from 2021.
Five shares have acquired about 46.4%, or the equivalent of 216.26 billion dirhams, of the market liquidity since the beginning of this year, led by “International Holding” with about 71.9 billion dirhams, with a share of 15.4%, and then “First Abu Dhabi” with about 52.7 billion dirhams, or 11.3%, followed by ” Aldar Properties” by about 36.14 billion dirhams, or 7.7%, then “Alpha Abu Dhabi” with a liquidity of 31.12 billion dirhams, equivalent to a share of 6.7%, and fifth is “Emaar Properties” after attracting 24.39 billion dirhams with a share of 5.2%.
In terms of trading volumes, the markets have witnessed trading of more than 107.1 billion shares since the beginning of this year, an increase of 17.6% compared to about 91.1 billion shares during the same period last year, with 72.8 billion shares being traded in the Abu Dhabi market and 34.3 billion shares in Dubai market.
As for deals, they increased significantly after executing about 3.82 million deals since the beginning of this year, a growth of 108%, compared to about 1.84 million deals during the same period last year. Deals were distributed by 2.52 million deals on the Abu Dhabi Securities Exchange, a growth of 117%, and 1.3 One million deals in the Dubai Financial Market, an increase of 93%.
The new offerings were a major supporter of market activity this year, most notably the initial offering of the Dubai Electricity and Water Authority (DEWA) on the Dubai Financial Market, as the largest ever in the UAE and the largest in the Europe, Middle East and Africa region since the beginning of 2022, in addition to the offering of Borouge. Which became the largest initial offering in the history of the Abu Dhabi market and the largest for a petrochemical company in the Middle East, which contributed to boosting market activity, in addition to other offerings such as Tecom, Salik, Empower, Burjeel and Union Coop. Abu Dhabi Ports, EDC Corporation for Acquisition and Invictus Investments, in addition to the expected listing of Taaleem and Americana before the end of this year.
The markets are expected to continue their activity in the coming months in light of the presence of many stimuli, on top of which are the strong results of the listed companies as they recover from the repercussions of the “Covid-19” pandemic, in addition to launching several listings for a group of government and semi-governmental companies in promising sectors, including It consolidates the position of the local market as one of the most important financial markets at the regional and global levels.
