The market value of the markets was boosted by four new listings in 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 premier fintech company. to be listed on the “Nomu” platform in the Abu Dhabi market, in addition to the listing of shares of “Al Ansari” for financial services in the Dubai financial market, while the Abu Dhabi market Dhabi experienced a new listing of “ADNOC Supply and Services” at the beginning of this month of June.
The market capital of listed shares rose from 3,206 billion dirhams (870 billion dollars) at the end of last year to 3,307 billion dirhams (900 billion dollars) at the end of last May, distributed by 2,685 billion dirhams ($730 billion) for shares listed on the Abu Dhabi Securities Market and 621.5 billion dirhams ($169 billion) for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity that exceeded 188 billion dirhams in the first five months of this year, distributed by 152.6 billion dirhams on the Abu Dhabi Stock Exchange and 35.4 billion dirhams on the financial market of Dubai, while approximately 41.5 billion shares were traded, of which 23.6 billion shares were in the Abu Dhabi market and 17.8 billion shares in the Dubai market, thanks to the implemented over 2.04 million trades across both marketplaces.
The Abu Dhabi Market Index, “Vadex 15”, closed at the end of the first five months of this year at 9232.89 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, closed at 9406.57 points. The consumer goods index rose by 21.5%, real estate by 14%, communications by 0.93% and energy by 0.85%.
In the Abu Dhabi market, “Americana” increased by almost 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.
The Dubai General Market Index increased by 7.21%, or the equivalent of 240.5 points, in the first five months, from the level of 3336.07 points at the end of last year to 3576.63 points at the end of last May, the industry sector the index rose by 11.5%, real estate by 10%, services by 8.3% and financial services by 6, 1%.
Emirates NBD grew by 5%, Emaar Properties by 4.83%, DEWA by 8%, Emaar Development by 19.5%, TECOM by 8.5%, Air Arabia by 5.5%, Salik by 24% and Dubai . For Investment” by 1.5% and “Empower” by 29%, while “Gulf Navigation” made solid gains of more than 370%, according to the Emirates news agency.
And “Emaar Properties” acquired the largest share of trade in the first five months of this year, attracting liquidity of around 9.5 billion dirhams, “Emirates NBD” 3.2 billion dirhams, “Dubai Islamic ” 2.8 billion dirhams and “Ajman Bank” 2.5 billion dirhams.
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