UAE stock markets surge by Dhs257bn in 2024

The UAE’s stock markets experienced substantial growth in 2024, driven by a robust economy, foreign investments and IPOs.

Both the Abu Dhabi Securities Exchange and the Dubai Financial Market saw significant increases in their market cap and trading volumes.

At the end of 2024, the combined market cap of the Dubai and Abu Dhabi stock markets surpassed Dhs3.905tn, compared to Dhs3.648tn at the end of 2023, reported the state news agency, WAM.

With this performance, the local markets solidified the momentum they had gained in previous years, reinforcing their position as one of the most prominent investment destinations in the region and the world, and concluded 2024 with an impressive increase of approximately Dhs257bn in their market capitalisation.

Highlights: Abu Dhabi and Dubai stock exchanges

The Abu Dhabi Securities Exchange (ADX) saw its market capitalisation grow to Dhs2.998tn at the close of the market on December 31, 2024, compared to Dhs2.961tn at the end of 2023.

The Dubai Financial Market (DFM) also boosted its market capitalisation to Dhs906.912bn at the end of 2024, compared to Dhs687.5bn at the end of the previous year.

In terms of trading, the local markets attracted more than Dhs449bn in trading value during 2024, with Dhs342.4bn on the ADX and Dhs106.7bn on the DFM.

The total volume of shares traded during the year exceeded 142 billion shares, with 90.16 billion shares traded on the ADX and 51.85 billion shares on the DFM.

Trading took place through more than 7.2 million transactions, with 4.655 million on the ADX and 2.55 million on the DFM.

At the close of the 2024 trading year, the FTSE ADX General closed at 9,414.460 points, while the DFM General Index ended today’s session above 5,158.670 points.