The UAE’s stock markets experienced substantial growth in 2024, driven by a robust economy, foreign investments, and IPOs. Both the Abu Dhabi Securities Exchange and the Dubai Financial Market saw significant increases in their market cap and trading volumes. This growth solidified the UAE’s position as a leading investment destination in the region.
At the end of 2024, the combined market cap of the Dubai and Abu Dhabi stock markets surpassed Dh3.90 trillion, compared to Dh3.64 trillion at the end of 2023.
The Abu Dhabi Securities Exchange (ADX) saw its market capitalisation grow to Dh2.99 trillion at the close of the market on December 31, 2024, compared to Dh2.96 trillion at the end of 2023.
The Dubai Financial Market (DFM) also boosted its market capitalisation to Dh906.91 billion at the end of 2024, compared to Dh687.5 billion at the end of the previous year.
In terms of trading, the local markets attracted more than Dh449 billion in trading value during 2024, with Dh342.4 billion on the ADX and Dh106.7 billion on the DFM.
Here are the top 10 Emirati stocks with the best yearly performance, according to TradingView:
Abu Dhabi National Company for Building Materials (BILDCO)
Established in 1974, BILDCO specialises in manufacturing and trading building materials, including structural steel, cement blocks, and wood products.
Stock Performance: The company’s stock has surged by 302.39% over the past year.
Apex Investment PSC
Founded in 1995 and headquartered in Ras Al-Khaimah, Apex Investment operates across catering, facility management, manufacturing, contracting, and investments.
Stock Performance: Apex Investment’s shares have appreciated 145.31% last year.
Emaar Development
A subsidiary of Emaar Properties, Emaar Development focuses on developing residential and commercial properties within the UAE.
Stock Performance: The company’s stock has increased by 89.10% over the past year.
Aldar Properties
Established in 2004, Aldar Properties is involved in developing, selling, and managing real estate properties, including residential communities, commercial spaces, and hotels.
Stock Performance: Aldar’s shares have risen by 81.26% in the last year.
Parkin Co.
Parkin Company provides paid parking facilities and services across the Emirate, operating public on-street and off-street parking and multi-storey car parks.
Stock Performance: The company’s stock has climbed by 78.39% over the past year.
Dubai Insurance Co.
Founded in 1970, Dubai Insurance offers life and general insurance products, including motor, marine, fire, engineering, medical, and group life insurance.
Stock Performance: The company’s shares have gained 71.81% in the last year.
Emaar Properties
Emaar Properties is a leading real estate developer known for iconic projects like the Burj Khalifa and The Dubai Mall, with a portfolio spanning residential, commercial, and hospitality sectors.
Stock Performance: Emaar’s stock has appreciated by 70.82% over the past year.
Orascom Construction Plc
Orascom Construction is a global engineering and construction contractor operating in the Middle East, Africa, and the United States, focusing on infrastructure, industrial, and commercial projects.
Stock Performance: The company’s shares have increased by 67.67% in the last year.
Salik Co.
Salik Company provides infrastructure construction services and is headquartered in Dubai.
Stock Performance: Salik’s stock has risen by 61.81% over the past year.
Established in 1973, the Bank of Sharjah offers commercial and investment banking services, including loans, credit facilities, deposits, and current accounts for various customer segments.
Stock Performance: The bank’s shares have gained 60.34% last year.
