UAE Stock Market Capitalisation-to-GDP Ratio Hits 63 Percent
Sumaira FH Published October 22, 2019 | 04:30 AM
The capitalisation of UAE capital markets amounted to AED895.5 bn by the end of the second third of October, up 5.6 percent as compared to early this year, according to figures revealed by the country's two main bourses
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 22nd Oct, 2019) The capitalisation of UAE capital markets amounted to AED895.5 bn by the end of the second third of October, up 5.6 percent as compared to early this year, according to figures revealed by the country's two main bourses.
The market value of listed public and private joint stock companies is projected to further increase and break the AED900 bn mark by the end of the year, as per economic growth forecasts.
The capitalisation of traded companies on October 21st accounted for 63 percent of the UAE's Gross Domestic Product in yet a new indicator of the resilience of liquidity in UAE stock markets.
The improvement in listed companies' stocks is driven by strong FDI flows and increased share capital, as the figures indicate.
The banking sector accounted for 52 percent -AED468.8 bn- of market capitalisatin at the Abu Dhabi Securities Exchange and Dubai Financial Market, followed by the CIT sector, at a total value of AED168.75 bn. Then come the realty and construction sector, AED104.86 bn, and the energy sector with AED43 bn.
The stock market capitalisation-to-GDP ratio hit 53 percent in 2014, before edging up to 56 percent in 2015, then to 62 percent in the following year, before nosediving to 59 percent in 2017 and finally rallying to 63 percent this month.
Related Topics
Recent Stories
Israel carries out attack inside Iran, report US media
Saudi Assistant Minister of Defence calls on army chief
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
Today Gold Rate in Pakistan 19 April 2024
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago