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 13:52 2018 Thursday ,13 December
Economic conference on investment opportunities in Syria kicks off
GMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 02:34 2018 Tuesday ,23 January
Royal support for cultural movement hailed
GMT 01:57 2017 Sunday ,11 June
Physicians examined for Royal College of Emergency Medicine membership
GMT 20:54 2017 Saturday ,09 September
Bahrain weather forecast
GMT 18:33 2017 Wednesday ,25 January
Carrick says Manchester United will go for it at Hull
GMT 03:01 2018 Wednesday ,10 January
Conjoined Gaza twins separated
GMT 04:47 2017 Sunday ,22 October
Vogue and VICE to launch editorial collaboration
GMT 21:11 2017 Thursday ,31 August
N. Korea’s latest launch suggests it rejects US threats
GMT 22:10 2016 Thursday ,27 October
King reiterates Saudi support for Syrians
GMT 13:04 2017 Saturday ,09 September
Hassabo Appreciates SJU and Bar Association Initiative for Backing up Firearms Collection Campaign
GMT 09:11 2017 Tuesday ,28 February
Samsung heir indicted for bribery, embezzlement
GMT 12:25 2017 Friday ,20 October
Trump gives self 10/10 for Puerto Rico response
GMT 14:03 2018 Thursday ,15 November
Putin slams Ukraine’s detention of Russian ship in Sea of Azov as illegal
GMT 12:52 2018 Monday ,15 October
UN chief slams polls-related attacks in Afghanistan
GMT 02:06 2017 Saturday ,25 February
Caid Essebsi affirms commitment to change repressive laws
GMT 08:49 2018 Wednesday ,03 January
YouTube star apologizes for viral suicide video
GMT 23:06 2017 Wednesday ,20 December
Officers' Club celebrates National Days
GMT 12:14 2017 Wednesday ,13 December
Strikes kill 12 in rebel-run Yemen prison camp
GMT 11:30 2017 Wednesday ,02 August
Ministry of Health and Prevention wins ‘Limitless Business Intelligence Dashboard 2017’ award
GMT 21:51 2017 Tuesday ,22 August
42 civilians killed in raids in Raqqa
GMT 22:54 2017 Tuesday ,21 November
UAEU student creates new model for identifying plagiarism of Arabic text
GMT 11:18 2017 Thursday ,16 February
Indonesian orangutan brutally killed and eaten
GMT 19:44 2017 Monday ,27 February
Tokyo stocks close down on yen's rise, caution ahead of Trump's speech
GMT 11:00 2017 Friday ,31 March
SSMO destroys 4.5 tons of banned Egyptian orange shipment
GMT 10:58 2017 Tuesday ,31 January
Iranian student deported in chaos of Trump's Muslim ban
GMT 08:11 2015 Tuesday ,13 October
Syria's al-Nusra calls on jihadists in Caucasus to attack Russia
GMT 21:00 2017 Tuesday ,09 May
Yemen’s army kill Houthi leader with three militants in Taiz
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