I registered it this October
The market value of the UAE’s shares exceeded one trillion dirhams, raising its global competitiveness
The market value of the real estate sector in the Dubai market amounted to about 60 billion dirhams.
The competitiveness of the UAE financial markets has increased within the specialized international indicators, after the total market value of the shares of publicly traded companies (public and private shareholding) has returned to exceed the one trillion dirhams barrier this October.
According to statistics issued by the financial markets in Abu Dhabi and Dubai, the market value of the shares of listed companies accounted for about 66% of the UAE's GDP for the year 2019.
These developments came as a result of the gains achieved by the market value of shares of publicly traded companies, which exceeded 93 billion dirhams since the beginning of this year and until the end of the current October transactions.
According to international institutions specialized in tracking the competitiveness of the financial sector, the market value of stocks compared to the GDP in any country is a major indicator to judge the competitiveness of these markets on the world level.
And the market value of the shares of companies traded on the Abu Dhabi Stock Exchange rose to above the level of 702 billion dirhams during the month of October.
The banking sector ranked first, with a market value of 210 billion dirhams in October, which constitutes 29.8% of the total market value on the Abu Dhabi Stock Exchange, while the energy sector reached 208.6 billion dirhams, about 169 billion dirhams for the communications sector, and 23 billion dirhams for the real estate sector. , And the rest of the value was distributed to other sectors.
In the Dubai Financial Market, the banking sector came in first place with a market value of approximately 162.5 billion dirhams during the month of October of this year, which constitutes 52% of the total market value of all companies listed in the market.
While the market value of the real estate sector in Dubai reached about 60 billion dirhams, the telecommunications sector reached about 25 billion dirhams.
The rest of the value was distributed to other sectors.
The market value of the UAE financial markets compared to the GDP has witnessed a fluctuation in its movement index over the past years, reaching 59.9% in 2019, compared to 55% in 2018, while its percentage reached 61% in 2017 and 60% in 2016. .
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