Money and business

"Abu Dhabi Securities" Its location is established among the largest 20 exchanges in the world during 2024

Abu Dhabi, February 6 / WAM / The Abu Dhabi Securities Market continued to enhance its position as one of the most prominent financial markets regionally and globally during the year 2024, achieving qualitative achievements at various levels, in terms of global rankings, trading activity, descriptions, digital transformation, and expansion in global markets.
The market maintained its classification as the second largest stock exchange in the region, and its location was established among the largest 20 exchanges in the world, while it was eighth among emerging markets, with the total market value of 2.9 trillion dirhams “799 billion dollars”.
The trading activity witnessed a remarkable growth, as the value of trading increased by 7% compared to 2023, to reach 342 billion dirhams, while the net foreign investment reached 24 billion dirhams, which reflects the market attractiveness to international investors.
Foreign investors contributed about 40% of the total trading activity, with a total of 262 billion dirhams, as a total sale and purchase, while institutional investors accounted for 80% of trading, and the derivative market also witnessed significant growth, with the number of deals increasing by 154%.
In terms of induction, the market witnessed the inclusion of 28 new securities during the year, bringing the total listed securities to 187 securities.
The market was able to be among the first five ranks in the world in terms of the revenues of the initial subscriptions, as public proposals raised about 3.35 billion dollars.
The market accounts for 38% of the total revenues of the initial subscriptions in the Middle East, and 80% within the UAE.
In the context of digital transformation, the Abu Dhabi Securities Market continued to develop its technical infrastructure, as it launched five advanced systems within its digital transformation strategy, including the new website, the mobile phone application, the advanced customer relationship management system, the system integration platform, and the comprehensive data platform, in addition to An advanced communication center enhances investor experience.
The market also strengthened its pioneering position in the ETF box, with the number of listed funds 15, including five included during 2024.
The total value of the trading of the 15 funds reached 2 billion dirhams, and the market was a pioneer in the inclusion of the first bond box in the Gulf region, which was a new criterion for investments in fixed income tools.
The performance of the indicators witnessed remarkable growth, as the market index increased by 85% since January 2020, beating the MSCI emerging market.
The market also launched the “Fotsi Market 15” index, “Fadxi 15” to meet the increasing demand for investments that are compatible with Islamic law, as the market value of the financial tools compatible with the Sharia listed in the market exceeded 2.6 trillion dirhams.
Within the framework of global expansion, five new financial markets joined the “exchange” platform, which strengthened the presence of the market on the international scene, where the platform allows access to 490 listed companies, and a network of more than 6.5 million investors, in addition to providing a subscription service in public subscriptions The initial for a number of financial markets.
The investor base in the market also witnessed a remarkable growth, as the number of registered investors exceeded 1.16 million investors by the end of the year, in light of the continued strong gravity of foreign investors.
In terms of events, the market hosted the sixteenth annual conference of the Investor Relations Association in the Middle East.
The Abu Dhabi Securities Market in 2024 concluded with a series of awards and honors, as it won the award for the best Arab stock market from the Arab Capital Capital Federation, thanks to its distinguished performance and the rate of price to the return that strengthened the confidence of the investors.

And he won the award for the best Arab market in terms of integration with environmental standards, society and governance, in appreciation of his pioneering role in adopting sustainability initiatives.
The market also won the award for the best Islamic securities market for the year 2024 of the International Islamic Finance Awards “Giva”, for its achievements in providing financial tools compatible with Islamic law, with a market value of 2.6 trillion dirhams.

Related Articles

Back to top button