UAE market cap of foreign shares amounts to $27.52bln by end of 2017 | ZAWYA MENA Edition

UAE market cap of foreign shares amounts to $27.52bln by end of 2017 | ZAWYA MENA Edition:

"The market capitalisation of foreign shares traded on UAE stock markets amounted to AED101 billion by the end of 2017, according to official statistics which showed that non-Arab foreigners secured the largest gains after their market value increased by around AED3.6 billion by the end of December. The last month of 2017 witnessed regular profit booking by Arab and Gulf investors in particular while other nationalities preferred to keep their shares despite the price hike. Within this context, the market cap of non-Arab foreigners' shares in the country's two main bourses increased to AED71.264 billion by the end of 2017 from AED67.66 billion in 2016."



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