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.
GMT 17:00 2018 Thursday ,11 January
London stock market edges to new highGMT 00:35 2017 Sunday ,09 April
Buyers return to UAE marketsGMT 00:59 2017 Monday ,27 March
Nasdaq Dubai set to reinforce equity futures after robust progressGMT 11:48 2017 Tuesday ,07 March
Emirates NBD announces plans to list Reit on Nasdaq DubaiGMT 12:00 2017 Wednesday ,01 March
Mixed day for stock trades in UAE
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 05:18 2017 Sunday ,18 June
Funds pull back from Permian as US shale oil firms go into overdrive
GMT 17:55 2017 Tuesday ,14 March
Emperor of Japan Meets Custodian of the Two Holy Mosques
GMT 03:28 2018 Tuesday ,09 January
Dior Paris fashion exhibition breaks
GMT 21:23 2017 Friday ,28 July
US State Secretary arrives in Kuwait
GMT 23:54 2017 Wednesday ,27 September
DEWA to give away great prizes during GITEX 2017
GMT 19:22 2017 Thursday ,05 October
PM confers with AFDB delegation on ways
GMT 12:56 2017 Friday ,20 October
Facebook joins effort to boost newspaper subscriptions
GMT 14:52 2017 Thursday ,19 October
Goalkeeping gaffe hands Man Utd win
GMT 12:48 2018 Monday ,15 October
Trump says he "doesn’t trust" everyone in White House
GMT 14:42 2018 Wednesday ,26 September
Ukrainian leader stumbles into Russian delegation’s room
GMT 07:46 2018 Wednesday ,26 September
HRH Premier to address UN high-level health meetings
GMT 21:22 2016 Thursday ,17 March
Appeal before Israeli Supreme Court to set date for handing over bodies of 13 martyrs
GMT 02:17 2018 Tuesday ,23 January
HRH Premier deputises Education Minister to attend graduation ceremony
GMT 13:50 2017 Wednesday ,27 December
WAM to launch ‘Kids' Bulletin
GMT 12:36 2017 Sunday ,05 February
Nadia Murad calls Trump for not closing his country
GMT 19:44 2015 Monday ,06 July
David Walliams and Jessica Raine to star in 'Agatha Christie'
GMT 22:50 2017 Saturday ,22 April
Syria's ruling party changes half leadership members
GMT 03:59 2017 Tuesday ,24 October
N. Korea seen suffering post-test trouble in Punggye-ri site
GMT 13:12 2017 Wednesday ,03 May
Tanzania extradites three suspected drug traffickers to US
GMT 14:26 2017 Friday ,13 October
UAE’s first hydrogen station opened
GMT 16:16 2017 Thursday ,23 February
Argentine, Spanish leaders discuss how to boost ties
GMT 23:16 2017 Friday ,29 September
Board of Grievances: Saudi Arabia heading toward achievement
GMT 23:42 2017 Friday ,06 October
Libyan MPs demand apology from Johnson over dead bodies remark
GMT 20:09 2017 Thursday ,20 July
Trump ends CIA arms support for anti-Assad Syria rebels
GMT 02:19 2017 Thursday ,02 February
Omani banks face profitability pressures from slower economy
GMT 10:47 2017 Saturday ,23 September
Death of Akef, man who transformed Egypt's Muslim Brotherhood
GMT 08:54 2017 Monday ,29 May
Vaccination date for Haj pilgrims in Oman extended by Ministry
GMT 14:09 2017 Thursday ,02 November
Tillerson touts US-India partnership on South Asian tour
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor