Abu Dhabi - Mubasher: The market value of shares owned by foreign nationals in the Abu Dhabi Securities Exchange (ADX) has reached AED 44.6 billion by August 2016, as per a recent statement by ADX published on Monday.
This shows an 11% increase compared to the same period of last year according to the CEO of ADX, Rashed Al Blooshi.
The Value represents 10% of total market capitalization of companies listed on ADX, which equaled AED 441.6 billion by the end of August, with AED 31.2 billion for non-Arab investors, AED 11.1 billion for GCC investors, and AED 2.3 billion for general Arab investors.
“Foreign liquidity has been in constant flow to our market since the beginning of the year, which reflects the confidence in the investment opportunities available in Abu Dhabi,” Al Blooshi said, adding that the ADX Price/Earnings Ratio reaches 12 times, which represents the attractive investment opportunities available on the Exchange.
The banking, real estate and telecom sectors remained the most attractive for investors due the high gains in investments each year, said the report.
The foreign owned shares in these sectors reached 25% of total ownership. So far, foreign nationals own more than 8 billion shares in the banking sector alone, it added.
Cash dividends for the three sectors equaled AED 20.5 billion in 2015 representing 93% of total cash dividends in ADX (AED 22 billion).
Etisalat, First Gulf Bank, National Bank of Abu Dhabi, and Abu Dhabi Commercial Bank topped the list of companies enjoying the highest cash dividends with AED 16.14 billion, equaling 73% of total cash dividends in ADX, the report indicated.
