The combined market capitalization of the 20 largest companies listed on the UAE stock exchanges has reached AED 2.8 trillion by the end of this week, representing 77.6% of the total market capitalization of AED 3.59 trillion. This growth aligns with plans to double the local markets' value to AED 6 trillion in the coming years.
International Holding Company (IHC) led the list with a market capitalization of AED 912.29 billion, accounting for 25.4% of the total. Abu Dhabi National Energy Company (Taqa) followed with AED 296.8 billion, representing 8.25%, and ADNOC Gas ranked third with AED 240.2 billion, making up 6.7%.
Other major contributors include:
- Etisalat by e& with AED 161.5 billion (4.5%)
- First Abu Dhabi Bank (FAB) with AED 147.6 billion (4.1%)
- Emirates NBD with AED 127.9 billion
- Dubai Electricity and Water Authority (DEWA) with AED 119 billion.
Further companies in the top 20 include Borouge, Emaar Properties, ADNOC Drilling, Abu Dhabi Commercial Bank, Aldar Properties, Q Holding, Abu Dhabi Islamic Bank, ADNOC Distribution, Dubai Islamic Bank, Mashreq, PureHealth, and ADNOC Logistics and Services.
The strong performance of these companies reinforces the UAE's trajectory toward enhancing its financial markets and economic growth.
Nws Source: Emirates News Agency
