Dubai: The market capitalisation of listed companies on the Abu Dhabi Securities Exchange (ADX) increased by 2 per cent to Dh485 billion by the end of 2017, compared to Dh475 billion at end of 2016.
The net profit booked by companies listed on the ADX amounted to Dh41.9 billion during 2017, a growth of 144.5 per cent compared to Dh17.1 billion by end of the 2016 fiscal year.
Commenting on the profit growth ADX-listed companies, Rashed Al Beloushi, chief executive of the ADX, said: “ADX is keen to continue its efforts to strengthen the emirate’s economy and support sustainable economic development in Abu Dhabi, as part of its commitment to Abu Dhabi Plan 2030 towards the development of the financial services sector in the emirate by enhancing the businesses competitive environment and attracting investments to the emirate.”
