Friday 28 January 2022

Market cap of ADX-listed firms hits $132bn

ABU DHABI, January 7, 2018

The market capitalisation of companies listed at Abu Dhabi Securities Exchange (ADX) increased 2.1 per cent during 2017, to Dh485 billion ($132 billion) by the end of the year from Dh475 billion by the end of 2016, a media report said.

The market cap of listed domestic firms rose to Dh457 billion, an increase of 2.62 per cent from Dh444 billion in 2016, reported Emirates news agency Wam, citing a report issued by ADX.

The Abu Dhabi Securities Exchange General Index closed at 4398 points by the end of 2017, 3.25 per cent down from its 2016 level, with the value of transactions during 2017 amounting to Dh48 billion over 28 billion shares, an average of 112 million equities per day.

Hamad Abdullah Al Shamsi, board chairman of ADX, affirmed ADX's commitment over the coming years to continue efforts aimed at maintaining the market's standing as a favourite destination for trading and investment in the region, by providing pioneering services that ensure an investment-conducive and business-friendly environment in harmony with best international practices.

Tags: ADX | Abu Dhabi Securities Exchange |

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