UAE – Mubasher: The UAE's stock markets witnessed substantial growth in 2024, driven by a robust economy, foreign investments, and initial public offerings (IPOs), according to Emirates News Agency (WAM).
Both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) recorded significant increases in their market cap and trading volumes, anchoring the UAE's position as a leading investment destination in the region.
At the end of 2024, the combined market cap of the two stock markets exceeded AED 3.90 trillion, compared to AED 3.64 trillion at the end of 2023.
ADX registered a market cap of AED 2.99 trillion as of 31 December 2024, higher year-on-year (YoY) than AED 2.96 trillion.
Meanwhile, the DFM’s market cap hiked to AED 906.91 billion last year, compared to AED 687.5 billion as of 31 December 2023.
In terms of trading, the local markets attracted over AED 449 billion in trading value during 2024, with AED 342.4 billion on the ADX and AED 106.7 billion on the DFM.
The total volume of shares traded last year surpassed 142 billion shares, with 90.16 billion shares traded on the ADX and 51.85 billion shares on the DFM.
At the close of the 2024 trading year, the FTSE ADX General closed at 9,414.460 points, while the DFM General Index ended the session above 5,158.670 points.
