The UAE financial markets concluded 2024 by adding approximately AED 257 billion to their market value, reflecting strong economic performance.
Notable Investment Growth Boosts Markets
The market value of local markets rose to AED 3.905 trillion by the end of the year, driven by increased liquidity and the attraction of foreign investments.
Abu Dhabi Market Records Significant Progress
The Abu Dhabi Securities Exchange recorded a market value of AED 2.998 trillion, achieving notable growth compared to the previous year.
Dubai Strengthens Its Market Position
The Dubai Financial Market also saw a significant increase in its market value, reaching AED 906.912 billion by the end of 2024, a substantial rise from the previous year.
Rise in Trading Volume and Shares Traded
The UAE markets recorded trading worth more than AED 449 billion, with over 142 billion shares traded across various markets.
Index Performance Shows Stability
The local indices ended 2024 at high levels, with the Abu Dhabi market closing at 9,419 points and the Dubai market at 5,158 points.
Conclusion
The UAE financial markets continue to attract investments and enhance their appeal among global markets, reinforcing their economic position.