ADX says market capitalisation of its listed companies has increased by more than 13% since the start of 2018
Abu Dhabi Securities Exchange (ADX) has revealed that the market capitalisation of its listed companies reached AED526 billion ($143.2 billion) by the end of August.
ADX also said in a statement that its general index has risen by 13.4 percent since the start of 2018.
By the end of August sessions, the market cap of domestic public companies listed on ADX increased to AED495 billion, an increase of 7.5 percent since the start of the year.
The market cap of foreign public companies listed on ADX reached AED24 billion while the value of private listed companies reached AED7 billion, a 145 percent jump.
Chief executive Rashed Al Blooshi said that the number of investment institutions that entered ADX during the first half of this year amounted to 271, bringing the number of domestic and foreign investment institutions to more than 7,900.
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 percent; a distribution of more than AED23.4 billion in cash dividends to around 406,000 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."For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.