UAE’s bourses drew in investments worth AED 7.6 bn during 11M 2023, with the ADX reeling in AED 6.8 bn and the DFM securing AED 760 mn, Al Khaleej reported on Monday. Foreign non-Arab investors preferred putting their money in the ADX as opposed to the DFM, with net investments amounting to AED 4.14 bn in the DFM and a whopping AED 6.85 bn in the ADX.

Trading in overdrive: The overall market liquidity stands at AED 382 bn, with AED 289 bn in the ADX and AED 93 bn in the DFM, during the first eleven months of the year. Roughly 101.5 bn shares changed hands during this timeframe, with 52.95 bn shares on the ADX and 48.6 bn shares on the DFM, all carried out through 5 mn transactions.

Four ADX-listed companies contributed the most,with investments amounting to AED 75 bn in International Holding Company ’s shares, AED 26.8 bn in Alpha Dhab, AED 21.6 bn in MultiPlay, and AED 12.7 bn in First Abu Dhabi Bank.

Four other companies listed on the DFM also played a crucial role in shaping the market’s liquidity:Emaar Properties took the lead with stocks valued at AED 21.7 bn, trailed by Emirates NBD Bank boasting a liquidity of AED 10.9 bn. Following closely is Dubai Islamic Bank, drawing in AED 6.75 bn, and the Gulf Navigation Holding stock follows with transactions totaling AED 6.67 bn.

Foreign investors bought AED 6.85 bn worth of stocks on the ADX, and AED 5.2 bn in the DFM. Arab investors opted for AED 1.65 bn on the ADX, and AED 5.2 bn on the ADX.

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