The Abu Dhabi Securities Exchange (ADX) closed Monday's session with a sharp gain of more than AED 13.5 billion added to total market capitalisation, driven by strong investor appetite for financial blue-chip stocks. The performance underlined the continued importance of blue chips as a stabilising force in Abu Dhabi's equity market.
UAE Market Cap Crosses AED 3.451 Trillion
By the close of trading on June 24, 2024, the combined market capitalisation of all UAE local stocks reached AED 3.451 trillion. The breakdown showed ADX-listed shares accounting for AED 2.777 trillion, while stocks listed on the Dubai Financial Market (DFM) contributed AED 674.3 billion.
The figures highlight the scale and depth of both exchanges, with ADX commanding the larger share of total listed value.
ADX Market Cap Gains Backed by Active Trading
Local stocks attracted significant liquidity during the session, with total turnover reaching approximately AED 1.3 billion. Of that, AED 945.7 million was traded on ADX and AED 355.3 million on DFM. Around 626.9 million shares changed hands across more than 25,100 individual transactions — pointing to broad market participation rather than concentrated block activity.
FTSE ADX Index Edges Higher; DFM Holds Steady
The FTSE ADX General Index closed 0.1% higher at 9,022.32 points, a modest but positive move that reflected measured confidence among investors. The DFM General Index closed the session at 4,000.25 points, maintaining relative stability.
Financial Blue Chips Lead the Rally
The day's gains were led by financial blue-chip stocks, which continued to attract institutional and retail interest. Their performance reinforced the broader market's outlook, with rising trading volumes and market capitalisation signalling that investors remain broadly bullish on UAE equities.
The session's results also demonstrated the resilience of Abu Dhabi's financial markets, with blue chips serving as dependable anchors during periods of selective buying activity.
