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The market posted strong gains on the back of the country’s economic resilience, new listings and a sharp recovery following the Covid pandemic.
Newly listed companies such as Abu Dhabi Ports, DEWA, ​​Borouge, GFH, Invictus Investment, Tecom, Union Coop, Salik, Burjeel, Bayanat, Empower, Taaleem and Americana help to improve market performance, enhance its investment attractiveness and drive growth in new markets. of investor groups.
During the year, foreign investors made a net purchase of about AED30 billion in the local stock market.
The Abu Dhabi Composite Market Index rose 20.3 percent or 1,722.7 points for the year, from 8,488.36 points at the end of last year to 10,211.09 points at the end of 2022, hitting an all-time high of 10,629.75 points.
The service sector index rose 176.5%, financials rose 47%, real estate rose 8.84%, basic materials rose 7.9%, and industrials rose 7.48%.
In 2022, non-Arab foreign investors purchased approximately AED91.2 billion worth of goods and sold approximately AED67.05 billion worth of goods on ADX, generating a net positive investment of AED24.2 billion.
DFM is up 4.4 percent, or 140.2 points, for the year.
Top stocks in DFM include Emaar Properties, up 19.8%, Dubai Islamic (5.9%), Air Arabia (48.3%), Salik (24%), Dubai Investments (12.4%), Ajman Bank (43.2%), Gulf Navigation (120.8%), Emaar Development (0.9%), Deyaar Development (4.5%), Empower (6.7%) and Tabreed (17%).
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