Market Performance Summary: Abu Dhabi Securities Exchange (ADX) and Dubai Financial Markets (DFM)

Introduction

The following article provides an overview of the key points from recent market data for the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Markets (DFM).

Abu Dhabi Securities Exchange (ADX)

Key Statistics:

• Increase in Listed Companies: The number of listed companies on ADX increased to 93 by June 2023, up from 83 in March 2023.
• General Share Price Index: The General Share Price Index rose by:
  • 12.2% year-on-year (y-o-y)
  • 1.2% quarter-on-quarter (q-o-q)
• Market Capitalization: Market capitalization increased to AED 2,754.4 billion by June 2023, up from AED 2,591.6 billion in March 2023.
• Quarterly Traded Value: Quarterly traded value decreased by 25.1% q-o-q to AED 64.0 billion.

Dubai Financial Markets (DFM)

Key Statistics:

• Stable Number of Listed Companies: The number of listed companies on DFM remained relatively stable at 62-67 during the first half of 2023.
• General Share Price Index: The General Share Price Index rose by:
  • 8.7% year-on-year (y-o-y)
  • 7.5% quarter-on-quarter (q-o-q)
• Market Capitalization: Market capitalization increased to AED 630.9 billion by June 2023, up from AED 589.0 billion in March 2023.
• Quarterly Traded Value: Quarterly traded value rose by 39.5% q-o-q to AED 26.5 billion.

Conclusion

Overall, both ADX and DFM showed positive trends in terms of market capitalization and share price indices, while traded value was more volatile.