market cap of listed companies amounts to aed8902 billion
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Market cap of listed companies amounts to AED890.2 billion

Arab Today, arab today

Arab Today, arab today Market cap of listed companies amounts to AED890.2 billion

Market cap of listed companies amounts to AED890.2 billion
Abu Dhabi - Arab Today

The market cap of UAE stock markets surged to AED890.2 billion by the end of yesterday's session, accounting for around 55 percent of the country's expected GDP for 2017.

This is the highest cap reached by companies listed in the country's two main bourses since their establishment 16 years ago, according to official figures released by Abu Dhabi Securities Exchange and Dubai Financial Market, with analysts projecting the total market value to further rise during 2018 on the back of increased share prices and anticipated listing of new companies on the two markets.

The year 2005 recorded the highest cap of AED839.7 billion when the market hit all-time highs during that period.

Three out of 10 listed sectors accounted for AED731 billion or 83 percent of the total cap. The banking sector comes first with a total market value of AED387.3 billion, or 43.7 percent, followed by the telecommunications sector in the second place with a cap of AED183.7 billion or 20.1 percent, with the realty market coming third accounting for 18.1 percent or AED160.3 billion. The energy's market cap stood at AED42 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

market cap of listed companies amounts to aed8902 billion market cap of listed companies amounts to aed8902 billion

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

market cap of listed companies amounts to aed8902 billion market cap of listed companies amounts to aed8902 billion

 



GMT 06:46 2017 Wednesday ,04 October

Pope to bless icon for Holy Family Journey to Egypt

GMT 15:51 2017 Tuesday ,22 August

FVP informed on arrangements for Sudan in meetings

GMT 04:55 2016 Monday ,03 October

Alec Baldwin nails it as Trump on ‘SNL’

GMT 21:15 2017 Tuesday ,19 September

Security forces intensify their presence in Kirkuk

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 10:29 2018 Saturday ,06 January

Siniora meets German Ambassador

GMT 06:27 2017 Tuesday ,26 December

Embassy in Russia marks National Days

GMT 19:06 2017 Thursday ,05 January

Moral policing in Maharashtra, too

GMT 11:49 2017 Wednesday ,26 April

OIC Condemns Attack on Military Base in Afghanistan

GMT 18:35 2017 Monday ,27 February

UK foreign secretary leaves Egypt

GMT 14:34 2017 Monday ,21 August

Bahrain-Malaysia ties praised

GMT 18:36 2017 Sunday ,30 July

Fayez explains impact of differences

GMT 08:54 2017 Wednesday ,17 May

New traffic rules to impact Dubai visitors

GMT 21:00 2017 Tuesday ,28 March

Immigration minister heads for Kuwait
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday