Boosted ADX's market capitalization by AED 189.4 billion

AED 59.3 billion in ADNOC Gas and Prisight shares gained since listing

ADNOC Gas gained AED 48.3 billion over 15 sessions. Archival

Shares of ADNOC Gas and Pressite have gained more than AED 59.3 billion since listing on the Abu Dhabi Securities Exchange until the end of March. The two listings succeeded in enhancing the market capitalization of ADX by more than AED 189.4 billion, distributed by AED 181.9 billion in ADNOC Gas market capitalization at listing, and AED 7.5 billion in Pricite capitalization.

ADNOC Gas' shares gained AED 48.3 billion over the 15 sessions since the start of trading on its shares, increasing its market capitalization from AED 181.9 billion at listing to AED 230.2 billion at the end of March.

Since listing, the shares have traded more than AED 2.03 billion after trading 717.6 million shares, through more than 29.6 thousand transactions. Since its listing, the share price has jumped 26.6% to close at 2 dirhams at the end of last month, compared to the offer price of 37.13 dirhams. ADNOC Gas' shares were listed on the Abu Dhabi market on March 9 in the largest ever initial public offering (IPO) and the world's largest IPO so far this year, having raised total revenues of AED 1.<> billion.

ADNOC Gas' IPO delivered the strongest ever demand for an IPO in the UAE, with total demand across all tranches reaching more than AED 450 billion, totalling the target value by almost 50 times. According to the monitoring, PriSight's stock gained about 10.9 billion dirhams in five sessions since the start of trading on its shares, increasing its market capitalization from 7.5 billion dirhams at listing to 18.5 billion dirhams at the end of last month. Since listing, the share has traded more than AED 407 million, with 125.8 million shares traded in 9699,146 transactions. Since its listing, the share price has jumped nearly 3.3% to close at AED 3.1 at the end of last month, compared to the offer price of AED 34.<>.

Pricite's shares were listed early last week, after the offering raised total revenues of about AED 1.822 billion, amid exceptional levels of demand from ordinary and professional investors, with the total demand for the IPO reaching AED 94.9 billion, with the offering covered by 136 times in total, excluding the main investor in the company, the International Holding Company. Pricesight offered at a fixed price of AED 1.34 per share for 1.359 billion shares, representing 24.24% of the company's capital.

• ADNOC Gas' market capitalization increased from AED 181.9 billion at listing to AED 230.2 billion at the end of March.