Abu Dhabi, UAE -- The market capitalization of the top 20 listed companies in the local stock markets by market capitalization reached AED 2.8 trillion ($762.44 billion) by the end of this week, while further growth is expected in line with the markets' plans to double their market capitalization to...
UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus mainly on stocks in the real estate, financial and banking sectors. The weekly liquidity was distributed as follows: AED4.57 billion in the Abu Dhabi market and about AED1.9 billion in...Microsoft becomes world’s largest company
The tech giant's market value has surged by over $1 trillion.
UAE, Saudi Arabia lift up Arab stock markets, post US$493bn in gains in 2023
Abu Dhabi, UAE-- Stock markets across the Middle East posted record highs in 2023, with combined gains of $493 billion, propelled by strong performances in the UAE and Saudi Arabia. The UAE led the charge, adding $117.5 billion to its market value, reaching $990.6 billion by the end of last...
ADX profits vault to $11.70bn
It posted gains in one week on the back of company results.Saudi Aramco only behind Apple in market cap
The world's largest producer of oil and world's most profitable company marginally overtook Apple with a market capitalization in excess of $2.4 trillion in May 2022.KIPCO merges with QPIC
It will now trade on Boursa Kuwait under KPROJ.Tadawul market cap vaults
Its value is $2.8trn in the first nine months of the year.
Market cap of Egypt’s bourse vaults by US$2.7bn in August
In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion in August
UAE stock markets post gains of $2.26 billion on Friday
Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip developer Emaar properties continued to hike, closing higher at AED6.100 after drawing $42.47 million in cash flows
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and 10. The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Emirates...Aramco, Etisalat top list of GCC’s valuable firms
Although the last several months have been hard for listed businesses in the Middle East, yet many have defied the dire predictions to dominate capital markets.
DEWA prices shares AED2.25-2.48 in Dubai’s biggest IPO since 2017
The IPO size implies a market capitalization at listing of between $30.63 billion and $33.76 billion, which would make DEWA, the exclusive provider of electricity and potable water in Dubai, as the largest company on the Dubai Financial Market by market capitalization.
History created: ADX market capitalization crosses US$300 billion
The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization to cross US$300 billion (AED1.1 trillion) on 12 July 2021.
