The Abu Dhabi Inventory Alternate is one of the best within the Gulf in 2022
T+ T regular dimension
The Abu Dhabi Securities Alternate had one of the best annual efficiency amongst GCC bourses final 12 months whereas rating second amongst Arabian bourses, helped by robust beneficial properties in listed shares and elevated demand from worldwide traders on prime of recent listings.
Emirates Information Company, WAM commentary confirmed the Abu Dhabi Normal Market Index “Fadji” rose 20.3% over the previous 12 months to leap from 8488.36 factors to a closing degree of 10211.09 factors on the finish of 2022 , whereas the Dubai Normal Market Index gained 4.4% to rise from 3195.9 factors to 3336.09 factors late final 12 months.
And the market capital of native shares elevated by almost 1.2 trillion dirhams final 12 months, taking the market capitalization from 2.03 trillion dirhams on the finish of 2021 to three.206 trillion dirhams on the finish of 2022, unfold throughout 2.624 trillion dirhams for the Abu Dhabi Inventory Alternate and 581 .9 billion dirhams for the Dubai Monetary Market.
And the efficiency of the UAE markets has been boosted over the previous 12 months because of quite a lot of components together with the brand new listings together with Abu Dhabi Ports, Dewa, Borouge, GFH, Invictus Investments, “Tecom” and “Tawuniya”, Al Ittihad, SALIC, Burjeel, Bayanat, Empower and Taaleem, all of which have helped improve the depth of the markets, elevated funding attractiveness and attracted a brand new phase of traders.
Egypt leads the Arab world
In keeping with “WAM” monitor, the Egyptian inventory alternate ranked first after its essential index “EGX30” rose 22.2% to rise from 11,949.18 factors on the finish of 2021 to 14,598.53 factors on the finish of 2022 Inventory Alternate rose 18.1% to 2501.6 factors and the Tunis Inventory Alternate rose 15.1% to 8109.68 factors.
The Kuwait Inventory Alternate rose 6.2% over the previous 12 months to 8115.68 factors, the Bahrain Inventory Alternate rose 5.5% to 1895.27 factors, the Palestine Inventory Alternate rose 4.8% to 637.68 factors and the Damascus Inventory Alternate rose 2.9% 585.95 factors, whereas the Saudi inventory alternate “Tadawul” reached a degree of 10478.46 factors by the tip of 2022, the Qatar Inventory Alternate 10681.07 factors and the Casablanca Inventory Alternate 10720.25 factors.
And Arab bourses managed to outperform world markets over the previous 12 months, which exited the 12 months with sharp losses, the largest because the 2008 world monetary disaster, amid rising fears of a world financial recession and financial tightening to curb inflation, which has reached ranges unprecedented in a long time.
US inventory markets posted their largest annual loss because the world monetary disaster after the US Federal Reserve raised rates of interest seven instances to a spread between 4.25% and 4.5% in a bid to regulate excessive inflation charges.
Chinese language shares additionally suffered their worst annual loss since 2018, which was impacted by a number of components together with “Covid-19” insurance policies, the housing disaster and the US Federal Reserve’s financial tightening, whereas Japanese shares posted their first annual loss in 4 years. whereas European shares have underperformed this 12 months and have carried out since 2018.
The decline in world monetary markets has been below stress from geopolitical tensions and their repercussions, which have affected the worldwide provide chain, significantly commodities, and the extreme provide chain closures imposed by China through the 12 months, along with the markets affected by the prevailing Development in world inflation and the steps taken by world central banks and lift rates of interest at an unprecedented tempo.
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