Friday 25 November 2022 – 11.58am
From: Ramy Samih
ABU DHABI, November 25 / WAM / Local financial markets have witnessed considerable activity since the beginning of this year amid a significant increase in trading values and volumes and executed trades, indicating their attractiveness for investment , and the increase in demand from international investors, in the light of the presence of many new listings as well as the solidity and durability of the economic foundations of the State.
According to monitoring by the Emirates news agency, WAM, liquidity of local shares has jumped to 466.3 billion dirhams since the beginning of this year, an increase of 25.2%, compared to 372.6 billion of dirhams in the same period last year.
According to “WAM” monitoring, the liquidity of the Abu Dhabi securities market has reached approximately 384.36 billion dirhams since the beginning of 2022, an increase of 21.3% from the approximately 316.8 billion dirhams of the same period last year, while Dubai’s financial market has attracted around AED 81.9 billion since the beginning of this year, a growth of 46.9%, compared to around AED 55.8 billion during the comparative period of the 2021.
And 5 shares acquired about 46.4%, or the equivalent of 216.26 billion dirhams, of market liquidity since the beginning of this year, led by “Al-Alamiah Holding” of about 71.9 billion dirhams, with a 15.4% share, then “First Abu Dhabi” with about 52.7 billion dirhams, or 11.3%, followed by “Aldar Properties” with an amount of 36.14 billion dirhams , at a rate of 7.7%, then “Alpha Abu Dhabi” with liquidity of 31.12 billion dirhams, equivalent to a 6.7% stake, and “Emaar Properties” comes in fifth after attracting 24.39 billion dirhams with a 5.2% stake.
In terms of trading volume, the markets have recorded more than 107.1 billion shares traded since the beginning of this year, up 17.6% from 91.1 billion shares in the same period last year.
As for transactions, they have increased significantly after the implementation of approximately 3.82 million transactions since the beginning of this year, a growth of 108%, compared to approximately 1.84 million transactions in the same period of the year. ‘Last year. a 93% increase.
The new offerings have been a major booster to market activity this year, the most notable of which is the Dubai Electricity and Water Authority’s “DEWA” initial offering in the Dubai Financial Market, as the largest ever offering in the UAE and the largest in the Europe, Middle East and Africa region since the beginning of 2022, in addition to the offer of the company “Borouge”, which has become the largest initial offer in the history of the Abu Dhabi market and the largest for a petrochemical company in the Middle East, which helped to boost the activity of the markets, as well as other offers such as “Tecom”, “Salik”, “Empower”, “Burjeel” and “Union Coop”. Abu Dhabi Ports , EDC Corporation for Acquisition and Invictus Investment, as well as the upcoming flotation of Taaleem and Americana later this year.
It is expected that the markets will continue their activity in the coming months in light of the presence of numerous incentives, to which must be added the good results of listed companies recovering from the repercussions of the “Covid-19” pandemic, as well as the launch of numerous listings for a group of government and semi-government companies in promising industries, including The position of local markets is consolidated as one of the most important financial markets regionally and globally.
Ahmed Al Botli / Ramy Samih