The combined net profits of 123 companies listed in the UAE market reached nearly 42 billion dirhams during the first nine months of 2020.
According to the Emirates News Agency, the banking sector acquired 51.7% of the total value of the profits achieved, with 17 listed banks' profits amounting to about 21.75 billion dirhams, followed by the telecommunications sector with profits of 8.4 billion dirhams, then came the real estate, investment, financial services and other sectors.
The statistics showed that the profits of companies listed on the Abu Dhabi Securities Exchange, which disclosed their data as of November 17, amounted to approximately 26.633 billion dirhams during the first nine months of the year Running.
The profits of the banking sector of 10 banks listed on the market reached 12.095 billion dirhams during the period from January to the end of September of 2020.
As for the Dubai Financial Market, the profits of companies that disclosed their financial statements reached 15.356 billion dirhams during the same monitoring period, and the banking sector acquired about 9.653 billion dirhams, constituting 62.8 % Of the total profits of the market companies.
It is noteworthy that the number of companies that announced their financial data on the Abu Dhabi Stock Exchange reached 62 companies, while the number in the Dubai Financial Market reached 61 during the monitoring period.
