The market capitalisation of companies listed on the Abu Dhabi Stock Exchange (ADX) went up 2.1 percent in 2017, from AED 475 billion ($129 billion) to AED 485 billion ($132 billion).
In a report issued on Saturday, ADX said that the market cap on listed domestic firms rose to AED457 billion ($124 billion), a 2.62 percent increase from 2016’s AED 444 billion ($120 billion).
The Abu Dhabi Securities Exchange General Index closed at 4,398 points at the end of 2017, a 3.25 percent decrease from its 2016 level.
The total value of transactions during 2017 amounted to AED 48 billion ($13 billion) over 28 billion shares, an average of 112 million equities per day.For all the latest business 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.
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