Insurance stocks are ruling on UAE indices, with Salama leading the pack

By Gulf News 2020-09-28T07:21:00

UAE investors widely share the view that insurance sector shares have performed oustandingly this year. An analysis of the sector will however throw some interesting findings.

Among insurance companies with a market capitalisation higher than Dh300 million and a Trailing Twelve Month (TTM) revenue greater than Dh200 million and net profit margin higher than 10 per cent, only two companies delivered 30 per cent plus price gains in the year-to-date (YTD). Or to be precise, a majority did not even give a positive YTD performance.

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