Media ININ Economy We Trust
MEDIA, Abu Dhabi, Sept. 2, 2018 (WAM)
The market value of listed companies on the Abu Dhabi Securities Exchange exceeded the AED 526 billion mark by the end of August, coinciding with the market’s index recording record highs of 13.4% since the beginning of the year. At the end of the August session, the market capitalization of local listed companies increased by AED 495 billion, compared to AED 461 billion at the beginning of the year, a growth rate of 7.5%, and the value of private listed companies exceeded AED 7 billion, Compared to AED 2.8 billion at the beginning of the year with growth of 145%. While the market value of foreign public companies listed on the Abu Dhabi Securities Market reached AED 24 billion by the end of August 30, bringing the total market capitalization of local and foreign public companies and private companies listed on the market to about AED 526 billion. Rashid Abu Al-Balushi, Chief Executive Officer of the Abu Dhabi Securities Market, said that the Abu Dhabi market achieved a remarkable growth in the index, the market value of the listed companies, the profitability of shares and the value of cash dividends to the shareholders of the companies due to continued efforts towards completing the organizational structure and modernizing mechanisms and trading systems. Making the market a focus of attention and interest of local and foreign institutions and portfolios during the recent period. He pointed out that the number of investment institutions that entered the market during the first half of this year amounted to 271 institutions, bringing the number of investment institutions operating in the market to more than 7900 investment institutions, including about 5900 foreign institutions and nearly 2000 local institutions, noting that these figures are good Is a sign of the strong presence of the Abu Dhabi market as a preferred destination for regional and global portfolios.
