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 00:24 2017 Wednesday ,11 October
Bangladesh Commandos End Hostage Siege, Kill Six Gunmen
GMT 09:40 2017 Saturday ,15 April
President Al-Bashir Lauds Commitment of Saudi Arabia to its Duties in Supporting Arab
GMT 12:52 2017 Thursday ,30 March
Arab summit concludes with a ‘message of peace’, call for solidarity
GMT 03:16 2017 Thursday ,19 October
Saudi-led force admits strike in Yemen's capital hit civilians
GMT 18:38 2017 Thursday ,26 October
Foreign minister bids farewell to US ambassador
GMT 02:51 2017 Saturday ,04 February
Have Philippines police committed crimes against humanity?
GMT 13:15 2017 Wednesday ,06 December
Catalonia's Puigdemont says to stay in Belgium 'for now'
GMT 12:53 2016 Wednesday ,21 September
The tears and laughter of Yasmina Reza's lost Babylon
GMT 21:17 2016 Sunday ,23 October
Sisi-sponsored national youth Conference to open in Sharm Tuesday
GMT 02:17 2016 Thursday ,24 November
Chief of Staff receives US Army Central Commanding General
GMT 17:36 2017 Friday ,27 January
Safarova, Mattek-Sands dance to Australian Open doubles title
GMT 00:15 2017 Wednesday ,15 March
Transparency is the basis of UAE, Saif says
GMT 04:46 2017 Saturday ,29 April
‘ASEAN likely to become world’s 4th-largest economy’
GMT 21:49 2017 Wednesday ,25 October
Tehran will become Pyongyang if not contained
GMT 17:37 2017 Friday ,13 October
Lebanese army receives two military aircraft from US
GMT 18:23 2017 Monday ,09 October
Egyptian national football team arrives at El Ittihadiyah palace
GMT 02:20 2017 Tuesday ,20 June
Claiming victory, Turkey`s Erdogan says may take death penalty to referendum
GMT 19:59 2017 Wednesday ,02 August
Online 'suicide' searches spiked after Netflix's '13 Reasons Why'
GMT 14:44 2017 Tuesday ,10 January
Chinese president sends condolences to Portugal over death of former president Soares
GMT 14:42 2017 Monday ,16 October
Neutron star smash-up seen for first time, 'transforms' understanding of universe
GMT 09:19 2017 Tuesday ,14 November
Fifth woman accuses US Republican candidate
GMT 18:48 2018 Monday ,15 October
Crown Prince Bahrain's solidarity with KSA during a call with Prince Crown
GMT 04:12 2017 Friday ,07 April
Dubai Land Department announces date for closing ceremony of Gulf Real Estate Awards
GMT 18:10 2017 Monday ,20 February
Egyptian chief of staff meets UN envoy to Libya
GMT 20:45 2017 Sunday ,19 February
GCC chief hails Saudi security forces for dismantling suicide cells
GMT 22:30 2018 Monday ,15 January
Bahrain-Pakistan ties praised
GMT 12:53 2018 Wednesday ,10 January
Chamoun says Hariri's resignation "uncomfortable"
GMT 16:23 2017 Wednesday ,20 December
Myanmar says probe of two Reuters journalists almost finished, court case to follow
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 ©
Send your comments
Your comment as a visitor