It acquired 80.2% of the total .. and was led by "Al-Alamiya Holding"
2.6 trillion dirhams, the market value of the 15 largest listed national companies
Local stock markets seek to double their market value.
archival
The capitalization of the 15 largest companies listed on the local stock markets in terms of market value reached 2.6 trillion dirhams with the beginning of the new year 2023, while further increase is expected, in line with the market’s plans to double its market value to about six trillion dirhams during the next three years. Of its current levels of about 3.2 trillion dirhams.
The 15 listed companies acquired about 80.2%, or the equivalent of 2.598 trillion dirhams, of the total market value of the local stock markets, amounting to 3.238 trillion dirhams.
And Al Alamiah Holding Company came to the fore with a market value of more than 896.2 billion dirhams, equivalent to 27.6% of the capitalization of the local market, then the Abu Dhabi National Energy Company (Taqa) with a market value of more than 407 billion dirhams, with a share of 12.5%, then « Alpha Abu Dhabi Holding »with 270 billion dirhams, representing 8.3% of the total capitalization of the local markets.
The market value of “E & Etisalat” reached 199.6 billion dirhams, with a 6.2% share, then “First Abu Dhabi Bank” 190 billion dirhams, equivalent to 5.8%, then Dubai Electricity and Water Authority (DEWA) 144.5 billion dirhams, and “Emirates Dubai”. National », with more than 83 billion dirhams.
The market value of “Burouj plc” amounted to more than 80.5 billion dirhams, “Abu Dhabi Commercial” 62.8 billion dirhams, “ADNOC Distribution” 56.8 billion dirhams, “Multiple Play Group” 54.4 billion dirhams, and “Emaar Properties” 52.06 billion dirhams. Dirhams, “ADNOC Drilling” 50.08 billion dirhams, “Dubai Islamic” 40.9 billion dirhams, and “Emirates Islamic” 40.6 billion dirhams.
The market value of the local stock markets has significantly strengthened in the past year, mainly supported by the strength of the national economy and its ability to fully recover from the repercussions of the pandemic, in addition to strong gains for listed shares, increased demand from international investors, and new listings.
• The market value of the local stock markets strengthened in 2022, supported by the strength of the national economy and its ability to recover from the repercussions of the pandemic.
market capital
The market capitalization of the shares listed in the local markets gained more than 1.2 trillion dirhams during the past year 2022, bringing the market capitalization from 2.038 trillion dirhams at the end of 2021, to 3.206 trillion dirhams at the end of 2022, distributed by 2.624 trillion dirhams for the Abu Dhabi Securities Market. Finance, and 581.9 billion dirhams for the Dubai Financial Market.
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