The semi-annual review of the weights of the companies listed in the Dubai Financial Market Index showed that 10 listed companies accounted for 88.2% of the weight of the index, while the weight of the largest 20 companies in the index reached about 98.69%.
Three companies came at the top of the list of listed companies with the most weight in the general index of the market, namely “Emaar Properties” by 20%, “Emirates NBD” by 20%, and “Dubai Islamic Bank” by 20%, with a combined share of 60% of the total weight pointer. The data on the weights of companies in the index, as in January 2022, indicated that “Dubai Investment Company” came in fourth place, with a share of 6.08%, then “Emirates Integrated Telecommunications” 5.54%, then “Dubai Financial Market” with 3.95%, and Air Arabia 3.71%, Aramex 3.32%, Emaar Development 3.26%, Mashreq Bank 2.35%, Commercial Dubai 1.8%, Deyaar Development 1.56%, and Damac 1.27 “Amanat” 1.04%, “Tabreed” 1.03%, and “Union Properties” 1.02%.
The rest of the companies came with shares of less than 1%, including “Ajman Bank” 0.95%, “Shuaa Capital” 0.65%, “Amlak” 0.64%, “Islamic Arab Insurance” 0.52%, “Gulf Navigation” 0.24%, and “Oman Insurance” 0.18%, “Dubai Islamic Insurance” 0.14%, “National Cement” 0.13%, “Arabtec Holding” 0.12%, “Dubai Insurance” 0.11%, and “Dubai National Insurance and Reinsurance” 0.1% .
Most Influential Banks
According to the data, the shares of the banking sector were the most influential in the market index, after 5 of the sector’s shares acquired 45.1% of the general index, namely “Dubai Islamic”, “Emirates NBD”, “Mashreq”, “Dubai Commercial” and “Bank Bank” Ajman.
The real estate sector came in second place, among the most influential in the market index, after 7 of the sector’s shares acquired 27.29 percent of the general index, namely “Emaar Properties”, “Emaar Development”, “DAMAC”, “Union Properties” and “Emaar Properties” Deyaar Development, Arabtec Holding, Drake & Scull International.
The company’s weight in the index is measured by the number of free shares available for trading, by excluding government shares, and the total holdings amounting to 5% or more in the company’s capital. From 10 main items, including free stocks, market value and benchmark ratios.
Islamic Index
In a related context, the Dubai Financial Market also announced the update of the weights of the companies included in the Islamic market index, according to the quarterly review. Emaar Properties, Dubai Investments, Emirates Integrated Telecommunications and Dubai Islamic came in. , ranked first, as the largest companies in weight in the index, with about 10% each, with a total of 40%, then “Dubai Financial Market” with a share of 8.34%, “Air Arabia” 7.77%, “Emaar Development” 7.61%, and “Aramex” 6.42%, GFH 6.01%, Deyaar Development 3.39%, Tabreed 3.12%, Union Properties 2.84%, Amanat 2.51%, and Ajman Bank 2.07% .
The Dubai Financial Market also announced the results of the semi-annual review of a sample of securities eligible for short sale, as in January 2022. It includes “Air Arabia”, “Aman”, “Amanat Holdings”, “Al Mal Capital REIT” and “Amlak Finance” “Aramex”, “Shimmera Standard & Poor’s Emirates Eusets Trader – Tranche A – cumulative return”, “Shimmera S&P Emirates Sharia Trader”, “Deyaar Development”, “Dubai Financial Market” and “Dubai Islamic”, Dubai Investments, Emirates Integrated Telecommunications, Emaar Properties, Emaar Development, GFH, Salama, Shuaa Capital, Tabreed, Union Properties, and Emirates NBD.
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