Market value of equities equals 65% of UAE GDP

The market capitalization of the UAE's capital markets reached its highest level in 19 years, at 910 billion dirhams last July, while many international think tanks planned to reach a threshold of US $ 30 billion. one trillion dirhams by the end of the year.

By the end of the first seven months of this year, the market capitalization of UAE-listed companies accounted for about 65% of UAE GDP in 2018, up from 56% in 2017, strengthening the UAE's position in global competitiveness indicators. .

The badysis of the tracking market movements shows that the significant growth recorded since the beginning of the year was supported by several factors. Financial experts predict that the market capitalization of the companies traded will increase further in the coming period, especially the prices of the main listed companies in the banking and real estate sectors, which confirms the similar expectations of companies specializing in the field of banking. Expertise to reach the market value of the trillion barrels by the end of 2019.

According to official figures released by the Securities and Commodities Authority (SCA), the market capitalization of the country's GDP reached 53.3% in 2014, rising to 56% in 2015 and 62% the following year.

The market capitalization of the companies traded accounted for 62.5% of the country's GDP in 2017, but fell to 61.5% in 2018 before rising sharply at the beginning of the year.

The banking, financial, real estate and telecommunications sectors accounted for approximately 85% of the total market capitalization of publicly traded companies at the end of 2018.

The banking and financial sector ranks first in terms of market capitalization, accounting for 50% of the total market capitalization of equities listed at the end of 2018, followed by telecommunications, real estate and other badets. sectors.