Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The combined market capitalisation of all companies listed on the Abu Dhabi Securities Exchange (ADX) crossed the Dh3 trillion mark once again on Thursday.
Previously, the ADX market cap surpassed this milestone on February 10, 2025. At the close of trading on Thursday, the total market cap of companies listed on both the main and growth markets of ADX stood at Dh3.007 trillion.
The exchange first crossed the Dh2 trillion mark in June 2022, and it took nearly three years to reach the next significant threshold in February 2025. However, after briefly staying above Dh3 trillion, the market cap retreated due to volatile conditions triggered by tariff wars and geopolitical tensions. The recent rally in the markets has now pushed the valuation past the Dh3 trillion mark once more.
ADX has witnessed substantial growth in recent years, driven by a strong economy, increasing foreign investment, and a surge in initial public offerings (IPOs). In 2024 alone, 28 new securities were listed, bringing the total to 187. In the first quarter of 2025, information technology firm Alpha Data made its market debut following a successful IPO, amid growing optimism that Abu Dhabi’s flagship airline, Etihad Airways, may also launch an IPO this year.
In 2024, ADX ranked among the top five global exchanges by IPO proceeds, with offerings raising approximately $3.35 billion. It captured 38% of all IPO proceeds in the Middle East and 80% of those within the UAE, according to a Wam report on the year’s performance.
Maintaining its position as the second-largest exchange in the region, ADX also held its place among the world’s top 20 stock markets. Its consistent global ranking reflects a well-regulated, investor-friendly environment.
“This milestone enhances the exchange’s reputation and boosts investor confidence, paving the way for sustained growth and further capital market development in the UAE,” said Samer Mardini, Chief Investment Officer at Yorklyn Asset Management.
