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UAE stock market values jump by AED220bn in H1, 2023

This has taken the total market value of the bourses to AED 3.43 trillion by June

by Staff Writer
UAE stocks

The market value of the UAE stock markets rose by AED220 billion in the first six months of 2023, boosted by higher demand from foreign investors and new listings.

This has taken the total market value of the bourses to AED3.43 trillion by June.

Four new listings boosted the market value of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).

UAE stock market shares climb to $933bn in 2023

They were ADNOC Gas and Presight.AI in the ADX, and ADNOC Supply and Services and Al Ansari Financial Services in the DFM.

The ADX accounted for AED2.77 trillion, while the DFM accounted for AED652.1 billion.

The total number of shares traded was around 53 billion, split between 27.6 billion in Abu Dhabi and 25.4 billion in Dubai.

Both markets completed over 2.5 million transactions during this period.

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