Special Features

25.6 million shares of 18 national banks listed at UAE Financial Markets

The number of floating shares in the national banking sector available for trading reached 25.6 billion at the end of the first half of May, constituting 50 percent of the total capital of 18 national banks, amounting to 51.2 billion shares. The latest official statistics issued by the Abu Dhabi and Dubai financial markets show a rise in the percentage of floating shares, available for trading for all local and foreign investors, with a 4 percent increase compared to the end of 2016, encouraging greater foreign liquidity in the sector during the first four months of 2017. 

According to market brokers, all companies listed in the financial markets, including banks, have expanded in terms of their level of floating shares available for trading by individuals and companies from local or foreign investors, which had a positive role in attracting liquidity. 

They also said that some companies have distributed grants instead of cash, which contributed to the rise of floating shares available for transaction. 

According to the analysis of banks in terms of available shares, First Abu Dhabi Bank topped this list with 7.3 billion shares, constituting around 67 percent of its total capital of 10.89 billion shares, explaining the recent rise in traded liquidity. 

The floating shares at Dubai Islamic Bank reached 2,859 shares, constituting 58 percent of its total capital of 4,932 shares, while the floating shares in Union National Bank reached 1,100 shares, constituting 40 percent of its total capital of around 2,751. The floating shares at Emirates NBD reached 2,163, constituting 39.4 percent of its total capital of 5,478 shares. 

View Special Features by Category
Airlines & Airports
Art & Gallery
Banks & Financial sector
Car Industry
Dubai Government
Dubai Metro
Education & Institutions
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Online Food Service
Online Store
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Shopping Malls
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Things To Do
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top

We accept guest posts. Contact us now!
Interesting Links

Bayzat - Health Insurance UAE
Corporate Gifts
Middle East News