UAE stock markets cross Dh4 trillion milestone
A. SREENIVASA REDDY (ABU DHABI)The combined market capitalisation of stocks listed on the UAE's stock markets has recently crossed Dh4 trillion, driven by a strong rally in both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).The total market capitalisation of all stocks listed on ADX — including both the main and growth markets — stood at Dh3.099 trillion as of Friday's close.The exchange has consistently maintained its market cap above the Dh3 trillion mark in recent weeks, with its benchmark FTSE ADX General Index (FADGI) standing at 10,064.81 when the markets closed on Friday (July 11).ADX recently marked a key milestone with the listing of a $100 million digital bond by First Abu Dhabi Bank, in partnership with HSBC. The FADGI has gained 6.9% so far in 2025, while the exchange's total market capitalisation has grown by 3.3%, according to the latest bulletin from Kamco Invest.DFM has also witnessed a remarkable upswing, with its total market capitalisation reaching Dh996.434 billion, as per Kamco Invest data. The DFM General Index (DFMGI) climbed to 5,854.99 on Friday (July 11), reflecting a 13.5% gain so far this year. The DFM has posted gains for three consecutive weeks, with the index now at a 17-year high.Real estate has been a key driver of the Dubai market, led by strong performances from Emaar and Emaar Development.The exchange also welcomed the listing of Dubai Residential REIT, which raised Dh2.15 billion via its IPO. A second REIT, Al Mal Capital REIT, has launched a follow-on public offering (FPO) aiming to raise Dh242 million.With both ADX and DFM combined, the total market capitalisation stands at Dh4.095 trillion, equivalent to approximately $1.115 trillion.In comparison, the Saudi stock market remains the region's largest, with a market capitalisation of $2.49 trillion, according to Kamco Invest's latest data.'The UAE's stock markets crossing Dh4 trillion is a remarkable milestone that reflects the strength and dynamism of the country's economy,' said Samer Mardini, Chief Investment Officer at a family office in Dubai.'The impressive growth in both Abu Dhabi and Dubai markets is driven by rising investor confidence, successful IPOs, and innovations like digital bonds. It signals a bright future. It's an exciting time, and the momentum points toward even greater opportunities ahead,' he added.
Commenting on the rise of realty stocks in the UAE, Milad Azar of XTB MENA said: 'The rise of REITs shows growing market maturity and investor access. While still behind Saudi Arabia's $2.49 trillion market, the UAE is gaining ground through innovation, diversification, and investor confidence across both traditional and digital sectors.'
Source: Aletihad - Abu Dhabi
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