The liquidity of local equities has jumped to 362 billion dirhams since the beginning of this year, an increase of 35.4% compared to 267.3 billion dirhams in the same period last year, amid a significant increase in stocks. values and volumes of traded and executed deals in an indication of their investment attractiveness, and of the strong demand from international investors, in the presence of many new prices, in addition to the strength and solidity of the country’s economic foundations.
The liquidity of the Abu Dhabi Stock Exchange reached about 296.3 billion dirhams since the beginning of 2022, an increase of 28.8% compared to about 230.12 billion dirhams in the same period last year, while the market Dubai financial has attracted around AED 65.6 billion since the beginning of this year, a growth of 76.6%, compared to around AED 37.2 billion in the comparable period from 2021.
Global Holding in the lead
Five shares have captured about 50%, or the equivalent of 180.4 billion dirhams, of the liquidity of the market since the beginning of this year, surpassed by “International Holding” with about 57.9 billion dirhams with a share by 16%, then “First Abu Dhabi” with about 48.8 billion dirhams, or 13%, followed by “Aldar Properties” for about 33.5 billion dirhams, at a rate of 9%, then “Alpha Abu Dhabi ”with a liquidity of 21.2 billion dirhams, equal to a 6% stake, and fifth,“ Emaar Properties ”after having attracted 18.9 billion dirhams with a 5% stake.
Commercial volumes
In terms of trading volumes, more than 81.9 billion shares have been traded since the beginning of this year, up 28% from 64 billion shares in the same period last year, with 55.6 billion. of shares in the Abu Dhabi market and 26.8 billion shares of ADX Dubai. As for deals, they increased significantly after executing around 2.78 million deals since the beginning of this year, up 132% from around 1.19 million deals in the same period last year. The deals were distributed by 1.798 million deals on the Abu Dhabi Stock Exchange, and 983.95 million deals on the Abu Dhabi Stock Exchange Dubai Financial.
New IPOs
The new IPOs have been a major supporter of market activity this year, most notably the Dubai Electricity and Water Authority (DEWA) initial offering on the Dubai Financial Market, as the largest ever in the UAE and the most large in Europe, the Middle East and Africa since the beginning of 2022, in addition to the Borouge offering, which has become the largest initial offering in the history of the Abu Dhabi market and the largest petrochemical company in the Middle East, which has helped to relaunch market activity, in addition to other offers such as Tecom, Union Coop, Abu Dhabi Ports and EDC Corporation to acquire and Invictus Investments, in addition to the expected listing of Salik by the end of September.
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