2.8 trillion dirhams is the market value of 20 listed national companies

The market capitalization of the 20 largest companies listed on the local stock markets in terms of market value reached AED 2.8 trillion by the end of last week, while further increases are expected in line with the markets’ plans to double their market value to about AED 6 trillion in the coming years.

The market value of local stock markets has significantly increased during the past period, supported mainly by the strength of the national economy, gains in listed stocks, increased demand from international investors, and new listings.

The 20 listed companies accounted for about 77.6%, or AED 2.79 trillion, of the total market value of local stock markets, which amounted to AED 3.59 trillion.

Global Holding Company came in first place with its market value reaching more than AED 912.29 billion, equivalent to 25.4% of the local market capitalization, followed by Abu Dhabi National Energy Company (TAQA) with a market value exceeding AED 296.8 billion and a share of 8.25%, then ADNOC Gas with about AED 240.2 billion, representing 6.7% of the total local market capitalization.

The market value of E& (formerly Etisalat) reached 161.5 billion dirhams, with a share of 4.5%, followed by First Abu Dhabi Bank with 147.6 billion dirhams, equivalent to 4.1%, then Emirates NBD with 127.9 billion dirhams, and Dubai Electricity and Water Authority (DEWA) with 119 billion dirhams.

The market value of Borouge PLC reached about 77.8 billion dirhams, Emaar Properties 77.6 billion dirhams, ADNOC Drilling 74.2 billion dirhams, Abu Dhabi Commercial Bank 63.7 billion dirhams, Aldar Properties 59.6 billion dirhams, and Q Holding 51 billion dirhams.

The market value of Abu Dhabi Islamic Bank recorded about 47.6 billion dirhams, Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) about 45.6 billion dirhams, Dubai Islamic Bank 44.7 billion dirhams, Mashreq 42.7 billion dirhams, Peru Health Holding 41 billion dirhams, and ADNOC Supply and Services 40.5 billion dirhams.