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ADX-listed firms’ market cap at Dhs526b
September 03, 2018
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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”.


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