UAE stock markets gained AED 61 billion in one week, with total market capitalisation climbing from AED 3.531 trillion to AED 3.591 trillion by the close of trading on September 6, 2024. The rally was broad-based, drawing strength from real estate, finance, and industrial stocks across both the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).
ADX Leads with AED 52.8 Billion in Weekly Gains
The Abu Dhabi Securities Exchange topped the week's performance table, adding AED 52.8 billion to its market capitalisation. ADX-listed stocks closed the week valued at AED 2.858 trillion.
The FTSE ADX General Index (FADGI) surged 1.75%, gaining 163.12 points to finish at 9,448.05 points. The FADGI 15 index also gained, rising 1.52% — equivalent to 140.4 points — to close at 9,362.89 points.
Among ADX sectors, utilities posted the strongest weekly advance at 5.53%. Real estate climbed 3.1%, industry rose 2.96%, and finance added 1.87%.
DFM Adds AED 8 Billion as Real Estate Leads
The Dubai Financial Market contributed AED 8 billion to the combined UAE stock market weekly gain. DFM-listed shares ended the week with a market capitalisation of AED 733.3 billion.
The DFM General Index rose 1.1%, adding 47.4 points to close at 4,372.15 points. Real estate was the strongest performer on the DFM, gaining 3.2%. The financial sector rose 1.38%, telecommunications climbed 1.11%, and industrials edged up 0.48%.
Investor Confidence Underpins the Rally
The week's strong performance across both UAE stock markets reflects sustained investor confidence in the country's economic trajectory. The combined market capitalisation of all securities traded on the ADX and DFM now stands at AED 3.591 trillion, up from AED 3.531 trillion the previous Friday — a net weekly addition of AED 61 billion.
Real estate and finance sectors drove gains on both exchanges, reinforcing the UAE's position as a regional hub for capital markets activity.
