By: Bedour Al Raee
Abu Dhabi – Mubasher: A number of 109 companies listed on the UAE’s stock markets reported a 55.23% increase in their net profit during 2017, registering AED 68 billion, compared to AED 55.23 billion in 2016, Mubasher’s data revealed.
The banks sector acquired 56% of the UAE’s markets profit, with a net profit of AED 38.36 billion.
Most of the national companies achieved positive results during 2017, Al-Sharhan Centre’s general manager Gamal Agag told Mubasher.
The recommended dividends exceed 2016 dividends; however, that did not affect the markets and the prices of the listed stocks, which remained low, with a shrunk liquidity, Agag commented.
That phenomenon cannot be explained in any light unless we consider the impact of the investors’ morale, the analyst concluded.
Translated by: Muhammad Khalid
