Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 17 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
ADX-listed firms’ market cap at Dhs526b
September 03, 2018
 Print    Send to Friend

ABU DHABI: Abu Dhabi Securities Exchange’s listed companies market cap reached Dhs526 billion, by the end of August; with a remarkable increase in ADX general index by 13.4 per cent from the start of 2018.

By the end of August sessions, the market capitalisation of domestic public companies listed on ADX increased to Dhs495 billion compared with Dhs461 billion from the beginning of the year; an increase of 7.5 per cent. In the meantime, the market capitalization of private listed companies on ADX reaches Dhs 7 billion, compared to Dhs2.8 billion from the beginning of the year, an increase of 145 per cent.

By the end of 30th of August session, the market capitalisation of foreign public companies listed on ADX reached Dhs24 billion; bringing the total market capitalisation of domestic, foreign and private companies listed on ADX to Dhs526 billion.

Chief Executive of ADX, Rashed Al Blooshi stated “Thanks to the continuing efforts towards the accomplishment of the organisational structure and modernisation of working mechanisms and trading systems, made ADX a magnet for domestic and foreign institutions during the recent period. Thus, ADX achieved this remarkable growth in its general index, the market capitalisation of listed companies, the company profit and the value of cash dividends distributed to companies’ shareholders.”

Al Blooshi pointed out that the number of investment institutions that entered the Exchange during the first half of this year amounted to 271 institutions, bringing the number of domestic and foreign investment institutions operating on the Exchange to more than 7,900 where 2,008 are domestic and 5,913 are foreign. These growing investments are the best evidence of the strong presence of the Abu Dhabi Securities Exchange within the list of preferred destinations for regional and global portfolios.

Al Blooshi added, “The shareholders of ADX listed companies have benefited the most of their presence in ADX, after the exchange recorded one of the highest dividends yields in the world by 5.8%; a distribution of more than Dhs 23.4 billion in cash dividends to around 406 thousand investors on behalf of listed companies in 2018. This strengthens the Exchange’s position as a preferred listing destination and the high levels of competitiveness”.

WAM

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Investors slam derailment of markets’ rally
LONDON: World stocks slipped on Monday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising US interest rates dampened risk appeti..
World stocks rally on Brexit deal reports
LONDON: Global stocks began the new month buoyantly on Thursday after a brutal October while the pound rallied on reports that Britain and the European Union were close t..
Stock markets attempt rebound after dramatic tumble
LONDON: European and US stocks went into recovery mode Thursday, trying to claw back some of the previous day’s dramatic losses that wiped out all of the year’s gains in ..
EU equities give up gains amid fears
LONDON: Europe’s stock markets gave up an early attempt to recover ground on Thursday, trading lower as Wall Street opened down amid lingering fears of rising US interest..
Stock markets surge as rate tensions ease
LONDON: Global stock markets rose on Tuesday as tensions in bond markets eased and the US earnings season got off to a promising start, analysts said. European equity ..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright