Jewish New Year
Citizenship by Investment
Education in the UAE
Diabetes and Oral Care
India Independence Day
Pakistan Independence Day
Free Zones & Business Setup
Emirates Mars Mission
USA Independence Day
UAE bourses' market cap crosses Dh1 trillion mark
The market capitalisation of the UAE's listed companies surpassed Dh1 trillion on Wednesday, as investor confidence returned with the reopening of the economy and the uptick in business activity.
Liquidity in the local markets remained as 507.6 million shares changed hands worth Dh850 million in 8,338 transactions.
The market cap value on the Dubai bourse rose by around Dh2.29 billion to Dh312.76 billion, compared to Dh310.47 billion during the previous session. In Abu Dhabi, the market cap value rose Dh9.37 billion to Dh687.24 billion.
Dubai's main share index gained one per cent, led by a 2.9 per cent rise in Emirates NBD Bank and a 1.7 per cent increase in Emaar Properties.
The Abu Dhabi index advanced 1.2 per cent, with First Abu Dhabi Bank, the country's largest lender, rising 1.3 per cent. Abu Dhabi Commercial Bank jumped 4.2 per cent.
Total assets of the 18 listed national banks rose to around Dh3 trillion in H1 2020, up 8.2 per cent, compared to the comparable period of 2019, reflecting the strong financial profile boasted by the Emirati banks.
Deposits increased around 13 per cent to around Dh1.942 trillion from around Dh1.72 trillion in the same period last year. Total assets of 11 Abu Dhabi-listed national banks amounted to Dh1.643 trillion against Dh1.575 trillion. In Dubai, seven listed banks saw their total assets increasing from Dh1.069 trillion to Dh1.347 trillion.
First Abu Dhabi Bank was the best performer with assets worth Dh866 billion, accounting for 28.8 per cent of the total assets of all listed national lenders. Emirates NBD comes second with Dh694.3 billion, or 23.1 per cent, followed by Abu Dhabi Commercial Bank at Dh406 billion, Dubai Islamic Bank at Dh295 billion, and Abu Dhabi Islamic Bank at Dh124 billion.
Moreover, Dubai Financial Market distributed Dh20.63 billion in dividends to 356,480 investors on behalf of 29 companies for 2019 financial year.
The bourse distributed dividends for both DFM and Nasdaq Dubai and the investors received their dividends through iVestor Card as well as bank transfers.
Customers will be able to get access to fantastic products at great... READ MORE
Investors urged to diversify as US election outcome to greatly affect ... READ MORE
Revenues in the second quarter were at Dh34.744 billion and... READ MORE
The world's top oil exporter, Saudi Arabia, cut the October official... READ MORE
Ramachandran left for India in a wheelchair - in a condition far from ... READ MORE
Negative test results from these Indian Council of Medical Research-... READ MORE
Expats who are not exempted from fees may take the jab for Dh50 at... READ MORE
The match is being played in Dubai. READ MORE