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11/19/24, 1:18 PM UAE stock markets hit $1 trillion for the first time boosted by IPOs | The National
The Dubai Financial Market. The bourse has recorded several listings in the last two years. Chris Whiteoak / The
National
Business Markets
UAE stock markets hit $1 trillion for the first time boosted by IPOs
Listings momentum will continue next year amid expansion of country's economy, analysts say
Fareed Rahman
November 18, 2024
UAE stock markets have hit $1 trillion in market capitalisation, primarily driven by initial public
offerings as well as strong earnings, as the Arab world’s second-largest economy continues to grow
amid diversification efforts.
The total market capitalisation of the two bourses that make the UAE market is bigger than Milan or
Madrid, according to data compiled by Bloomberg. While dwarfed by the nearly $3 trillion Saudi
Arabian Tadawul stock market, the UAE is larger than most emerging markets, barring a few like
India and China, the data shows.
“The combined value of the UAE's stock markets has reached the significant milestone, with the
Abu Dhabi Securities Exchange (ADX) contributing $801 billion and the Dubai Financial Market
https://www.thenationalnews.com/business/markets/2024/11/18/uae-stock-markets-hit-1-trillion-for-the-first-time-boosted-by-ipos/ 1/4
