UAE Market Capitalisation Soars As Top 20 Companies Reach AED 2.8 Trillion

The market capitalisation of the 20 largest companies listed on local stock exchanges reached AED2.8 trillion by the end of this week. This figure is expected to rise as markets aim to double their value to AED6 trillion in the coming years.

These 20 companies represent 77.6 percent, or AED2.79 trillion, of the total market capitalisation of AED3.59 trillion. International Holding Company (IHC) leads with a market capitalisation exceeding AED912.29 billion, accounting for 25.4 percent of the local markets' total value.

Abu Dhabi National Energy Company (Taqa) follows IHC with a market capitalisation of over AED296.8 billion, holding an 8.25 percent share. ADNOC Gas L.C. comes next with approximately AED240.2 billion, representing 6.7 percent of the total market capitalisation.

Etisalat by e& has a market value of AED161.5 billion, contributing 4.5 percent to the total market value. First Abu Dhabi Bank (FAB) holds a market value of AED147.6 billion, equivalent to 4.1 percent.

Emirates NBD's market value stands at AED127.9 billion, while Dubai Electricity and Water Authority (DEWA) is valued at AED119 billion. Borouge has a market capitalisation exceeding AED77.8 billion, and Emaar Properties is valued at AED77.6 billion.

ADNOC Drilling's market value is AED74.2 billion, followed by Abu Dhabi Commercial Bank at AED63.7 billion and Aldar Properties at AED59.6 billion.

Additional Key Figures

Q Holding's market capitalisation is AED51 billion, while Abu Dhabi Islamic Bank stands at AED47.6 billion and ADNOC Distribution at AED45.6 billion.

Dubai Islamic Bank has a market value of AED44.7 billion, Mashreq is valued at AED42.7 billion, PureHealth at AED41 billion, and ADNOC Logistics and Services at AED40.5 billion.

The substantial contributions from these companies highlight their significant roles in the local stock exchanges' overall valuation.

The ongoing efforts to increase market values reflect strategic plans aimed at enhancing economic growth and investment opportunities in the region.

With inputs from WAM