French investors trade in Emirati stocks hit AED726.2 million in 2022

French investors trade in Emirati stocks hit AED726.2 million in 2022

ABU DHABI, 11th May, 2023 (WAM) -- French investors have strengthened their investments in the UAE financial markets over the past years amid the growing relations and strategic partnership between the UAE and France covering all areas, including stock markets.

This financial report by the Emirates News Agency (WAM) based on official data from the Dubai and Abu Dhabi markets highlights the fact that the value of French trades, both buying and selling, in local markets in 2022 totalled AED726.2 million spread across 130.5 million shares traded through 5,703 deals in 2022.

ADX

French trading, both buying and selling, in the Abu Dhabi Securities Exchange (ADX) reached a value of AED386.4 million, executed through 3,848 transactions involving more than 58.3 million shares over the past year.

In the past year, French investors purchased, in the Abu Dhabi market, around 20.76 million shares valued at more than AED165.8 million through 1,672 transactions, compared to some 37.5 million shares worth AED220.5 million executed through 2,176 transactions.

The French are among the top 20 nationalities who invested in the ADX, ranking 18th in 2022.

French traders have actively traded in the ADX over many years, with their trading values, both buying and selling, comprising as follows: 36.2 million shares