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Abu Dhabi Securities Exchange Faces Significant Decline in 2024

Abu Dhabi Securities Exchange Faces Significant Decline in 2024

The primary stock market index of the United Arab Emirates, known as ADAM General, has experienced a notable drop of 328 points, equivalent to 3.42%, since the start of 2024. This decline has been observed through trading on a contract for difference (CFD) that monitors this essential benchmark index from the UAE.

Looking ahead, analysts predict that the ADAM General will stabilize at approximately 9241.47 points by the end of this quarter, based on global macroeconomic models. Over the next year, market expectations suggest a slight further decline to around 9136.64 points.