Local shares add 622 billion dirhams to its market capital within 8 months

Local stock markets added more than 622 billion dirhams to its market capital during the first seven months of this year, supported by strong gains for listed shares, increased demand from international investors, in addition to new listings.

The market value of shares increased from 2.038 trillion dirhams at the end of last year to 2.66 trillion dirhams at the end of trading last August, distributed by 2.09 trillion dirhams for the Abu Dhabi Stock Exchange, and 569.7 billion dirhams for the Dubai Financial Market.

The market value of the local markets was enhanced by the gains of the leading shares, in addition to the new listings that included "Abu Dhabi Ports", "Dewa", "Borouge", "GFH", "Invictus Investments", "Tecom" and "Union Cooperative", all of which contributed In increasing the depth of the market, enhancing its investment attractiveness, as well as attracting a new segment of investors.

The local markets attracted more than 326.18 billion dirhams of liquidity during the first eight months of this year, distributed by 265.2 billion dirhams in the Abu Dhabi market and 60.9 billion dirhams in the Dubai market, and 67.4 billion shares were traded, including 42.5 billion shares in the Abu Dhabi market and 24.8 billion Shares in the Dubai market, executed through 2.5 million transactions.

The Abu Dhabi market index rose during the first eight months of this year by 16.33%, or 1386.15 points, to close at 9,874.51 points at the end of August, compared to 8,488.36 points at the end of last year. to 10,308.7 points.

The performance of the Abu Dhabi market was boosted by an increase in the financial sector index by more than 36.3%, the real estate sector index rose by 19.5% and the energy sector index increased by 1.91%, while the industrial sector index rose by 1.61%.

While the Dubai Financial Market rose by more than 7.74%, or 247.2 points, to close at 3,443.11 points at the end of last August, compared to its previous closing at 3,195.91 points at the end of last year.

The gains of the Dubai market were supported by an increase in the real estate sector index by 20.3%, while the banking sector index increased by 3.36% and the transportation sector by 24.66%.

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