It has been a difficult time for companies in the GCC, where indices continued to witness declines in 2016 due to persistent low oil prices, poor corporate earnings and diminished investments into equity markets.

Looking ahead, GCC markets continue to face headwinds as oil prices hover around $50/barrel, almost 50 per cent lower than price levels in 2013 and 2014. With earnings growth expectations remaining weak, the performance of GCC markets is forecast to remain dull in the coming months.

Company Name Country  Market Cap ($BN) 2016 2015
Saudi Basic Industries Corporation Saudi Arabia 66.98 1 1
Emirates Telecommunications Group Co UAE 47.24 2 3
Qatar National Bank Qatar 35.56 3 2
Saudi Telecom Co Saudi Arabia 28.79 4 4
Al Rajhi Banking & Investment Corporation Saudi Arabia 22.42 5 6
Saudi Electricity Co Saudi Arabia 18.88 6 8
National Commercial Bank Saudi Arabia 23.57 7 5
Industries Qatar Qatar 17.66 8 7
DP World Ltd UAE 15.69 9 11
First Gulf Bank (FGB) UAE 13.85 10 10
Emaar Properties UAE 13.45 11 18
Jabal Omar Development Co Saudi Arabia 12.82 12 12
Ezdan Holding Group Qatar 12.38 13 14
National Bank of Abu Dhabi UAE 12.34 14 15
Emirates NBD Bank UAE 12.26 15 17
Almarai Co Saudi Arabia 11.57 16 13
National Bank of Kuwait Kuwait 11.02 17 16
Kingdom Holding Co Saudi Arabia 10.27 18 9
Saudi Arabian Mining Co Saudi Arabia 9.84 19 26
Abu Dhabi Commercial Bank UAE 9.72 20 20
Samba Financial Group Saudi Arabia 9.41 21 19
Emaar Malls Group UAE 9.21 22 23
Ooredoo Qatar 8.29 23 18
Kuwait Finance House (KFH) Kuwait 8.08 24 27
Riyad Bank Saudi Arabia 7.96 25 21
Emirates Integrated Telecommunications Company UAE 7.84 26 38
Saudi British Bank Saudi Arabia 7.48 27 22
Masraf Al Rayan Qatar 7.23 28 28
Saudi Arabia Fertilizers Co Saudi Arabia 7.19 29 24
Yanbu National Petrochemicals Co Saudi Arabia 7.15 30 36
Dubai Islamic Bank UAE 6.93 31 32
Qatar Islamic Bank Qatar 6.68 32 30
Banque Saudi Fransi Saudi Arabia 6.51 33 25
Qatar Electricity and Water Co Qatar 6.50 34 37
Mesaieed Petrochemical Holding Co Qatar 5.91 35 33
Qatar Insurance Co Qatar 5.75 36 47
Aldar Properties UAE 5.61 37 44
Mobile Telecommunications Company Kuwait 4.80 38 40
Alinma Bank Saudi Arabia 4.56 39 34
Ahli United Bank Bahrain 4.34 40 50
Savola Group Co Saudi Arabia 4.27 41 29
Commercial Bank of Dubai UAE 4.19 42 46
Etihad Etisalat Co Saudi Arabia 4.04 43 39
Arab National Bank UAE 4.03 44 31
Ooredoo Saudi Arabia 3.82 45 62
Qatar Fuel Qatar 3.71 46 58
Damac Properties Dubai Co UAE 3.64 47 43
Barwa Real Estate Co Qatar 3.58 48 48
Qatar Gas Transport Co Ltd Qatar 3.52 49 61
Commercial Bank Qatar 3.52 50 45
Kuwait Food Co Kuwait 3.41 51 66
Mashreq bank UAE 3.38 52 41
DXB Entertainments UAE 3.27 53 N/A
National Shipping Company of Saudi Arabia Saudi Arabia 3.24 54 56
Abu Dhabi Islamic Bank UAE 3.11 55 53
Oman Telecommunications Co Oman 3.00 56 67
Union National Bank UAE 2.99 57 49
Saudi Hollandi Bank Saudi Arabia 4.93 58 42
Qatar Navigation Qatar 2.76 59 71
Boubyan Bank Kuwait 2.73 60 79
Emaar The Economic City Saudi Arabia 2.70 61 88
Qatar Aamal Co International Islamic Bank Qatar 2.68 62 72
Dubai Financial Market United Arab Emirates 2.66 63 57
Doha Bank Qatar 2.65 64 59
Kuwait Projects Company Holding Kuwait 2.64 65 77
Aamal Co Qatar 2.58 66 93
Bank Muscat Oman 2.58 67 73
Vodafone Qatar Qatar 2.53 68 68
Saudi Kayan Petrochemical Co Saudi Arabia 2.44 69 63
Bank Albilad Saudi Arabia 2.38 70 64
Rabigh Refining and Petrochemical Co Saudi Arabia 2.38 71 55
Mabanee Company Kuwait 2.37 72 86
National Bank of Ras Al Khaimah UAE 2.33 73 70
Gulf Bank Kuwait 2.32 74 81
National Industrialization Co Saudi Arabia 2.32 75 91
Southern Province Cement Co Saudi Arabia 2.28 76 76
Dubai Investments UAE 2.22 77 84
Ahli United Bank Kuwait 2.21 78 78
Bupa Arabia for Cooperative Insurance Saudi Arabia 2.19 79 80
Burgan Bank Kuwait 2.17 80 83
Saudi Cement Co Saudi Arabia 2.16 81 75
National Bank of Bahrain Bahrain 2.15/td> 82 N/A
Company for Cooperative Insurance Saudi Arabia 2.13 83 89
Advanced Petrochemical Co Saudi Arabia 2.08 84 N/A
Ahli Bank Qatar 2.07 85 87
Saudi Ground Services Co Saudi Arabia 2.04 86 69
National Petrochemical Co Saudi Arabia 2.00 87 90
Jarir Marketing Co Saudi Arabia 1.97 88 51
Commercial Bank of Kuwait K Kuwait 1.93 89 85
United Development Co Qatar 1.92 90 95
National Bank of Umm Al Qaiwain UAE 1.91 91 N/A
National Mobile Telecommunications Co Kuwait 1.90 92 N/A
Agility Public Warehousing Co Kuwait 1.89 93 92
Saudi Investment Bank Saudi Arabia 1.87 94 60
Gulf International Services Qatar 1.80 95 65
Al Khalij Commercial Bank Qatar 1.79 96 99
Saudi Airlines Catering Co Saudi Arabia 1.77 97 74
Arabtec Holding UAE 1.76 98 94
Qatari Investors Group Qatar 1.73 99 99
Al Ahli Bank of Kuwait Kuwait 1.66 100 N/A