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    Gulf Daily Report: The Gulf’s daily news, fully reported.Gulf Daily Report: The Gulf’s daily news, fully reported.
    Home»Business»ADX and DFM witness 764 high-value deals worth AED58 billion in 2024
    Business

    ADX and DFM witness 764 high-value deals worth AED58 billion in 2024

    November 1, 2024
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    MENA Newswire News Desk: The United Arab Emirates’ stock markets have seen a notable influx of high-value transactions this year, with a total of 764 deals amounting to AED58 billion across the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). These transactions spanned a collective volume of 18 billion shares, signaling robust activity and investor engagement in the UAE’s capital markets.

    ADX and DFM witness 764 high-value deals worth AED58 billion in 2024

    The ADX emerged as the dominant contributor, representing 95.6% of the total transaction value, leaving DFM with a 4.4% share. ADX’s trading activity recorded 549 transactions, amounting to AED55.4 billion, involving 16.6 billion shares. A significant portion of ADX’s value was driven by transactions in the Abu Dhabi National Energy Company, commonly known as TAQA, which alone contributed AED22.4 billion through 78 deals on 7.6 billion shares. Another major entity, Fertiglobe, recorded 44 transactions totaling AED13.28 billion on a volume of 4.15 billion shares.

    In addition to TAQA and Fertiglobe, International Holding Company (IHC) made a significant impact with a single high-value transaction worth AED4.38 billion, further underscoring the ADX’s role in major corporate exchanges within the UAE. These high-value deals underscore ADX’s growing position as a preferred trading platform for major corporate entities and institutional investors in the region.

    Meanwhile, the Dubai Financial Market also experienced substantial trading activity, with 215 transactions on 1.35 billion shares, reaching a value of AED2.54 billion. DFM’s largest deal involved Mashreq, one of the UAE’s prominent financial institutions, with a transaction valued at AED782.1 million. BHM Capital followed, contributing AED363.5 million, while Taaleem Holdings, a major player in the UAE education sector, completed transactions worth over AED245.7 million.

    The concentration of high-value deals on the ADX reflects its strategic positioning and appeal to heavyweight companies in the region, contributing significantly to overall transaction value in UAE bourses this year. Meanwhile, DFM continues to attract interest from diverse sectors, especially finance and education, contributing to the overall dynamism of the UAE’s financial markets.

    As the year progresses, these trends suggest a positive trajectory for UAE stock markets, supported by both domestic institutional investment and foreign interest, which continue to build momentum across both ADX and DFM. With ADX’s dominance in transaction values and DFM’s varied sectoral contributions, UAE markets are expected to sustain strong performance levels, reinforcing their role as financial hubs in the MENA region.

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