Number of shares traded at the meeting reached about 350 through 8,758 transactions Published: May 31, 2021 19:30 WAM Illustrative purpose only Image Credit: Antonin Kelian Kallouche/Gulf News
Abu Dhabi: The value of liquidity flowing into the UAE financial markets rose to about Dh3.3 billion during the first two sessions of the week, after the increase in the trading of local and foreign portfolios, which continued to focus on a segment of the leading stocks for the second day in a row.
According to the data, the daily monitoring of the transactions shows the existence of consolidation on some stocks whose prices are expected to rise in the coming days.
Generous with their gains
An analysis of aggregate dividends of listed companies during the period from 2010 to 2019 gives us insights about the sectoral and individual dividend champions of UAE. In 2019, total dividends paid by listed companies rose to Dh39.94 billion from Dh11.90 billion in 2010, an increase of 235 per cent and which is remarkable.
In 2019, the largest dividend-paying sector was banking, which paid Dh18.19 billion, followed by telecom with Dh10.11 billion. Real estate companies parted with Dh6.67 billion, while oil and gas gave Dh2.03 billion to shareholders.
Property shines
From 2010 to 2019, the sector that showed the fastest dividend growth was in real estate. From Dh228 million, it grew to Dh6.67 billion in 2019, which is almost 29 times the 2010 level.