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Tag Archives: stock market

UAE public joint stock companies capital rises by 1%

The capital of public joint stock companies listed by the Securities and Commodities Authority amounted to circa AED412 billion in 2018, a growth of 1 percent on year, according to statistics obtained from official sources. The capital of Abu Dhabi Securities Exchange-listed firms stood at AED94.8 bn, while the Dubai …

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UAE markets churn in consolidation

The Dubai Financial Market General Index (DFMGI) fell by 16.73 or 0.59 per cent last week to close at 2,809.87. Market breadth was close to even, with 17 advancing issues and 15 declining, while volume jumped. Usually, volume is not too reliable of an indicator in the Dubai market. It …

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UAE tops commodity trade index

Dubai tops the world commodity index unveiled in London on Tuesday as part of Dubai Multi-Commodities Centre’s (DMCC) Future of Trade report. The index is based on a country’s location and trade partnerships, its resource endowment, and its institutional factors, DMCC CEO Gautam Sashittal said in an interview before the …

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No VAT on sale and purchase of shares in UAE

Value-added tax (VAT) will not be applicable on the sale and purchase of share transactions conducted by investors in UAE stock markets, said a senior government official. Khalid Al Bustani, director-general, Federal Tax Authority, pointed out that there would be no tax on profit margins as well. On Tuesday, Dubai …

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