Market cap of ADX-listed firms reaches AED485bn

Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad. Wild trading by local retail investors who dominate activity, plus weak corporate disclosure and a hands-off approach by regulators, can make a toxic mix, and on occasion destabilise entire markets. REUTERS/Stringer(UNITED ARAB EMIRATES - Tags: BUSINESS) - RTR3VP3N

ABU DHABI / WAM

The market capitalisation of companies listed at Abu Dhabi Securities Exchange (ADX) increased 2.1 percent during 2017, to AED485 billion by the end of the year from AED475 billion by the end of 2016.
In a report issued on Saturday, ADX said the market cap of listed domestic firms rose to AED457 billion, an increase of 2.62 percent from AED444 billion in 2016.
The Abu Dhabi Securities Exchange General Index closed at 4398 points by the end of 2017, 3.25 percent down from its 2016 level, with the value of transactions during 2017 amounting to AED48 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.

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