Skip to main content Skip to footer Outpacing regional markets, the DFMGI surged by 10.9 percent closing at 4,503.48 points, the highest level since 2014
At ADX, there were 549 transactions, encompassing 16.6 billion shares valued at AED55.4 billion
The overall growth was widespread, driven particularly by significant gains in key indices such as the Financial Index
The Egyptian stock exchange led the Arab stock exchanges with the largest monthly increase of 4.64 percent
This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs
The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys
The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor
The UAE market contributed a remarkable 58 percent of 2023 IPO proceeds in the GCC region
The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds
The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter
UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs
The market attracted nearly 44,000 new investors in Q1 this year, and 85 percent of them are international
IPO saw an oversubscription rate of 64 times in aggregate
DFM’s trading value reached over AED25 billion during Q1 of 2024
Technologically advanced parking operator supports Dubai's robust capital markets development strategy
ADX witnessed five major direct deals on 243.4 million shares worth $186 million
The trade was executed on 5.7 million shares
Parkin IPO enhances market's attractiveness and draws new investors
IPO resulted in market capitalization of AED6.30 billion upon admission
The Dubai-based company is selling about 27 million shares at a price of $59 per share in a secondary offering
Parkin will commence trading on the DFM on March 21, 2024
The DFM General Index ranked 5th globally in 2023
Leading banking and real estate stocks support the growth of UAE’s financial markets
Rising by 124 percent year-on-year