5 stocks that take the lion's share of them

362 billion dirhams of local stock liquidity in 2022, a growth of 35.4%

The Dubai Financial Market has attracted 65.6 billion dirhams since the beginning of 2022. Archive

The local financial markets have witnessed remarkable activity since the beginning of this year, amid a significant increase in the values ​​and volumes of trades and executed deals, in an indication of their investment attractiveness, and the increase in demand from international investors, in light of the presence of many new listings, in addition to the strength and durability of the country's economic foundations.

The liquidity of local shares has jumped to 362 billion dirhams, since the beginning of this year, an increase of 35.4 percent, compared to 267.3 billion dirhams during the same period last year.

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 during the same period last year, while the Dubai Financial Market attracted about 65.6 billion dirhams since the beginning of this year, a growth of 76.6%, Compared to about 37.2 billion dirhams during the comparable period from 2021.

Five shares have accounted for about 50%, or the equivalent of 180.4 billion dirhams, of market liquidity since the beginning of this year, topped by "International Holding" with about 57.9 billion dirhams, with a 16% share, then "First Abu Dhabi" with about 48.8 billion dirhams, or 13%, Followed by "Aldar Properties" with about 33.5 billion dirhams, at a rate of 9%, then "Alpha Abu Dhabi" with a liquidity of 21.2 billion dirhams, equivalent to a 6% share, and fifth, "Emaar Properties" after attracting 18.9 billion dirhams with a 5% share.

In terms of trading volumes, more than 81.9 billion shares have been traded since the beginning of this year, an increase of 28% compared to about 64 billion shares during the same period last year, with 55.6 billion shares being traded in the Abu Dhabi market and 26.8 billion shares in Dubai market.

As for deals, they increased significantly after executing about 2.78 million deals since the beginning of this year, a growth of 132% compared to about 1.19 million deals during the same period last year, and the deals were distributed by 1.798 million deals on the Abu Dhabi Stock Exchange, and 983.95 thousand A transaction in the Dubai Financial Market.

The new offerings were a major supporter of market activity this year, most notably the initial offering of the Dubai Electricity and Water Authority (DEWA) on the Dubai Financial Market, as the largest ever in the UAE and the largest in the Europe, Middle East and Africa region since the beginning of 2022, in addition to the offering of Borouge. Which became the largest initial offering in the history of the Abu Dhabi market and the largest petrochemical company in the Middle East;

This contributed to boosting market activity, in addition to other propositions such as Tecom, Union Coop, Abu Dhabi Ports, EDC Corporation for Acquisition, and Invictus Investment, in addition to the expected listing of Salik before the end of the year. This September.

Follow our latest local and sports news and the latest political and economic developments via Google news