Abu Dhabi – Mubasher: The number of investment institutions that joined the Abu Dhabi Securities Exchange (ADX) witnessed a 6% year-on-year rise, or 271 firms during the first half of 2018, registering 7,900 institutions.
The newly listed firms include 5,900 foreign companies and 2,000 local companies, according to the ADX’s recent report.
The companies’ net investments grew 4.5% to AED 947 million in H1-18, compared to AED 908 million in H1-17.
Moreover, the bourse’s cash dividends hit AED 23.4 billion, distributed on 406,000 investors, the report found.
The banks sector topped the ADX in terms of paid dividends with a total amount of AED 12.3 billion, followed by the telecommunication and energy sectors with AED 7.1 billion and AED 1.1 billion, respectively.
In the six-month period ended 30 June, the market value of the listed companies rose 6.5% year-on-year to AED 485 billion, while the market value of Emirati investors’ shares levelled up 8.5% to AED 415 billion in H1-18, from AED 383 billion in the same period of the prior year.
