The combined market capitalisation of the 20 largest companies listed on the UAE’s stock exchanges reached AED 2.8T this week. This figure is expected to rise further as part of plans to double the market’s overall value to AED 6T in the coming years.
These 20 companies represented 77.6%, or AED 2.79T, of the total market capitalisation, which currently stands at AED 3.59T.
International Holding Company (IHC) led with a market capitalisation exceeding AED 912.29B, accounting for 25.4% of the local market.
Etisalat by e& recorded a market value of AED 161.5B (4.5%), while First Abu Dhabi Bank (FAB) followed with AED 147.6B (4.1%). Emirates NBD reached AED 127.9B, and Dubai Electricity and Water Authority (DEWA) stood at AED 119B.
Borouge was valued at AED 77.8B, with Emaar Properties close behind at AED 77.6B. ADNOC Drilling reached AED 74.2B, Abu Dhabi Commercial Bank AED 63.7B, Aldar Properties AED 59.6B, and Q Holding AED 51B.
Abu Dhabi Islamic Bank’s market value stood at AED 47.6B, followed by ADNOC Distribution at AED 45.6B, Dubai Islamic Bank AED 44.7B, Mashreq AED 42.7B, PureHealth AED 41B, and ADNOC Logistics and Services at AED 40.5B.
