Economy Local November 18, 2024

Record Market Capitalization in UAE Stock Markets

The market capitalization of the UAE stock markets reached 3.7 trillion dirhams (1 trillion dollars) for the first time in history. Abu Dhabi accounted for 2.942 trillion dirhams while Dubai's market valued at 780.49 billion dirhams.


Record Market Capitalization in UAE Stock Markets

With a record market capitalization of 3.7 trillion dirhams (1 trillion dollars), the trading week on the stock exchanges of the UAE has concluded. This is unprecedented in the history of the country. In particular, on the Abu Dhabi exchange, 2.942 trillion dirhams were registered, while on the Dubai exchange – 780.49 billion dirhams.

It is important to highlight the significance of this benchmark and the impact it demonstrates on investors and the economy as a whole. This record has resulted from the sustained growth of trading indices and the trust of market participants. Additionally, experts point out the need for caution and attention to further developments.

"Achieving such high capitalization signifies the prospectiveness and appeal of investments in the UAE," noted a financial analyst. "This also reinforces investor trust in the dynamic growth and prospects of regional exchanges."

According to financial aspects, such an achievement enhances the stability and attractiveness of the UAE market for global investors, which contributes to the further development of financial relations of the country with other states and companies.