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The market cap of the free -flowing shares of the 10 UAE firms listed on the MSCI Index amounted to around AED128 billion on February 13th.
The ADX-listed Etisalat has the heaviest weight on the index, hitting AED30.18 billion, followed by Emaar, AED22.6 billion, and FAB, whose free-flowing shares' market value on the index hit AED15.6 billion.
The UAE was promoted to the 'emerging markets category' by the Morgan Stanley Capital International, three years ago in an international recognition of the market growing performance.
Damac comes first among the MSCI-listed companies in terms of foreign ownership which reached 37.4 percent of the company's shares, followed by Emaar at 29.19 percent, and Aldar Properties at 26.17 percent and then Abu Dhabi Commercial Bank with 15.1 percent of its 5.2 billion shares.
Foreign ownership of shares at Dubai Investments stood at around 11.5 percent on February 13, 10.35 percent at Dubai Islamic Bank, 9.63 percent at FAB , 8.10 percent at Emaar Malls, and 4.18 percent at Etisalat.
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