«Central»: the largest increase in the quarter in 6 years

204 billion dirhams, an increase in the market value of the listed companies in the first quarter

The report on financial, banking and capital market developments, issued by the Central Bank, yesterday, for the first quarter of 2022, revealed that companies listed in the country’s financial markets recorded an increase of about 204 billion dirhams in market value during the first quarter of this year 2022, including 181.6 billion dirhams in the Abu Dhabi market. for securities, and 22.4 billion dirhams on the Dubai Financial Market.

According to the Central Bank's data, this increase is the largest quarterly in the last six years.

"Abu Dhabi Securities Exchange"

In its report, the Central Bank detailed that the quarterly average of the general index of stock prices in the Abu Dhabi Stock Exchange increased during the first quarter of this year by 12.3% compared to the previous quarter, and the quarterly average market value of the companies listed in the market increased by 181.6 billion dirhams, bringing the total The market value of listed companies reached one trillion and 753.6 billion dirhams at the end of the first quarter of this year, compared to the previous quarter.

The Central Bank added in its report that the value of trading in the Abu Dhabi Securities Exchange increased on a quarterly basis by 100.9 billion dirhams, pointing to the increase in the Abu Dhabi Securities Exchange index by 64.3% on an annual basis.

Dubai Financial Market

The “Central” pointed out that the quarterly average of the general index of stock prices in the Dubai Financial Market increased by 10.4% during the first quarter of this year compared to the previous quarter, and the quarterly average market value of the companies listed in the market increased by 22.4 billion dirhams, bringing the total to 421.6 billion dirhams.

The quarterly trading value increased by 29.3% in the first quarter of this year, to reach 22.8 billion dirhams, indicating that on an annual basis, the Dubai Financial Market index rose by 30.9%.

Banking assets

At the level of the banking sector, the Central Bank of the Emirates announced an increase in total banking assets inclusive to 3.336 trillion dirhams at the end of last March, an increase on a monthly basis by 1.7% compared to about 3.282 trillion dirhams at the end of February 2022.

The Central Bank indicated that banking assets rose on an annual basis by 5.05%, or 160.5 billion dirhams, compared to 3.175 trillion dirhams in March 2021.

bank credit

The Central Bank indicated that total bank credit increased by 1.2% from 1.81 trillion dirhams at the end of February 2022, to 1.831 trillion dirhams at the end of last March, as a result of a 1.2% increase in domestic credit, and a 1.4% increase in foreign credit.

The Central Bank attributed the increase in domestic credit to an increase of 0.8%, 3.6%, and 1% in credit granted to the government sector, credit granted to the public sector (government-related entities), and credit granted to the private sector, respectively.

bank deposit

The bank stated that the total bank deposits increased by 0.9% from 1.988 trillion dirhams at the end of February 2022 to 2.006 trillion dirhams at the end of last March, as a result of a 1.2% increase in resident deposits after a 4% growth, and 1.1% in public sector deposits. and private sector deposits, respectively.

According to the Central Bank report, the money supply “M1” (includes cash in circulation outside banks plus cash deposits from current and demand accounts with banks) increased by 2.3%, from 712.1 billion dirhams in February to 728.2 billion dirhams at the end of last March.

The money supply "M2" (includes "M1" plus quasi-monetary deposits, namely time deposits, savings deposits for residents in dirhams, and deposits of residents in foreign currencies) increased by 1.5% from 1.570 trillion dirhams at the end of February to 1.593 trillion dirhams at the end of last March.

The money supply "M3" (includes "M2" plus government deposits with banks operating in the country, as well as with the Central Bank) increased by 0.9% from 1.867 trillion dirhams at the end of February 2022 to 1.885 trillion dirhams at the end of last March.

Height factors

The Central Bank attributed the increase in the money supply “M1” to an increase of 1.4 billion dirhams in cash circulating outside banks, and an increase of 14.7 billion dirhams in cash deposits, while the increase in money supply “M2” is due to a rise in “M1” and an increase of seven billion dirhams. In quasi-monetary deposits, the increase in the money supply “M3” is due to the increase in the money supply “M1” and “M2”.

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