UAE – Market value of insurers strengthened
Thursday, 01 05 2017, Category: Insurance and Reinsurance, Country: U.A.E
Insurance companies were able to increase their market values significantly during 6 sessions. This was supported also by the stock market’s buyer trend and coincides also with the strong results of the last quarter of year 2016 that were caused by the unified motor insurance policy and compulsory health insurance.
The stock value of insurance and Takaful companies in the Dubai and Abu Dhabi financial market posted strong results during the last six session with increases exceeding the rate of 100% from 27 December 2016 until the end of the session of 4 January 2017.
Source: Economic Al Khaleej