ADX-listed companies' market cap rises to $132bn in 2017

The market cap of domestic firms also rose 2.62 percent to $124 billion
ADX-listed companies' market cap rises to $132bn in 2017
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.
By Staff writer
Sun 07 Jan 2018 09:26 AM

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.

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