UAE's stock deals surge in Q1 2005

DUBAI — The first quarter of the current year witnessed an unprecedented surge in the total value of the local stock market transactions to Dh53.9 billion. This figure represents 80 per cent of the total value of transactions during 2004 at Dh67 billion and more strikingly 995 per cent compared to the mere Dh4.92 billion recorded in the first quarter of 2004.

By A Staff Reporter

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Published: Sat 2 Apr 2005, 9:23 AM

Last updated: Thu 2 Apr 2015, 3:56 PM

During the first three months of this year, several companies have adjusted the nominal value of their shares to one dirham, thus opening the door and allowing opportunities for the small investors to diversify their holdings.

Adding to that the strong performance of several companies resulted in the distribution of sizable distributed dividends and increases in the paid-up capital. Economic and market analysts have mainly attributed the increase in the value to the strong surge in paid up capital in a number of companies.



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