UAE – AED 531 million gains of listed insurers
Thursday, 04 27 2017, Category: Insurance and Reinsurance, Country: U.A.E
The stocks of insurance companies listed in the financial markets of Dubai and Abu Dhabi reached the first quarter of the current year with an increase in the total market value and gains of AED 531 million, which is a 3.6% growth reaching AED 15.24 billion by the end of the last month of March compared to AED 14.7 billion, which was the total market value by the end of the month of December last year.
The total market value of insurance stocks listed in the Dubai financial market covering 13 insurers increased by AED 277.2 million during the first three months of the current year reaching AED 5.45 billion compared to AED 5.17 billion by year-end 2016, which represents a 5.36% growth and 52% of all the gains in market value.
Moreover, the stocks of insurers listed in the Abu Dhabi financial market covering 17 companies reached AED 254 million, so their market value reached AED 9.79 billion compared to AED 9.53 billion by the end of the month of December, representing 48% of gains in market value.
Source: Al Bayan