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 NameCountry Market Cap ($BN)20162015
Saudi Basic Industries CorporationSaudi Arabia66.9811
Emirates Telecommunications Group CoUAE47.2423
Qatar National BankQatar35.5632
Saudi Telecom CoSaudi Arabia28.7944
Al Rajhi Banking & Investment CorporationSaudi Arabia22.4256
Saudi Electricity CoSaudi Arabia18.8868
National Commercial BankSaudi Arabia23.5775
Industries QatarQatar17.6687
DP World LtdUAE15.69911
First Gulf Bank (FGB)UAE13.851010
Emaar PropertiesUAE13.451118
Jabal Omar Development CoSaudi Arabia12.821212
Ezdan Holding GroupQatar12.381314
National Bank of Abu DhabiUAE12.341415
Emirates NBD BankUAE12.261517
Almarai CoSaudi Arabia11.571613
National Bank of KuwaitKuwait11.021716
Kingdom Holding CoSaudi Arabia10.27189
Saudi Arabian Mining CoSaudi Arabia9.841926
Abu Dhabi Commercial BankUAE9.722020
Samba Financial GroupSaudi Arabia9.412119
Emaar Malls GroupUAE9.212223
OoredooQatar8.292318
Kuwait Finance House (KFH)Kuwait8.082427
Riyad BankSaudi Arabia7.962521
Emirates Integrated Telecommunications CompanyUAE7.842638
Saudi British BankSaudi Arabia7.482722
Masraf Al RayanQatar7.232828
Saudi Arabia Fertilizers CoSaudi Arabia7.192924
Yanbu National Petrochemicals CoSaudi Arabia7.153036
Dubai Islamic BankUAE6.933132
Qatar Islamic BankQatar6.683230
Banque Saudi FransiSaudi Arabia6.513325
Qatar Electricity and Water CoQatar6.503437
Mesaieed Petrochemical Holding CoQatar5.913533
Qatar Insurance CoQatar5.753647
Aldar PropertiesUAE5.613744
Mobile Telecommunications CompanyKuwait4.803840
Alinma BankSaudi Arabia4.563934
Ahli United BankBahrain4.344050
Savola Group CoSaudi Arabia4.274129
Commercial Bank of DubaiUAE4.194246
Etihad Etisalat CoSaudi Arabia4.044339
Arab National BankUAE4.034431
OoredooSaudi Arabia3.824562
Qatar FuelQatar3.714658
Damac Properties Dubai CoUAE3.644743
Barwa Real Estate CoQatar3.584848
Qatar Gas Transport Co LtdQatar3.524961
Commercial BankQatar3.525045
Kuwait Food CoKuwait3.415166
Mashreq bankUAE3.385241
DXB EntertainmentsUAE3.2753N/A
National Shipping Company of Saudi ArabiaSaudi Arabia3.245456
Abu Dhabi Islamic BankUAE3.115553
Oman Telecommunications CoOman3.005667
Union National BankUAE2.995749
Saudi Hollandi BankSaudi Arabia4.935842
Qatar NavigationQatar2.765971
Boubyan BankKuwait2.736079
Emaar The Economic CitySaudi Arabia2.706188
Qatar Aamal Co International Islamic BankQatar2.686272
Dubai Financial MarketUnited Arab Emirates2.666357
Doha BankQatar2.656459
Kuwait Projects Company HoldingKuwait2.646577
Aamal CoQatar2.586693
Bank MuscatOman2.586773
Vodafone QatarQatar2.536868
Saudi Kayan Petrochemical CoSaudi Arabia2.446963
Bank AlbiladSaudi Arabia2.387064
Rabigh Refining and Petrochemical CoSaudi Arabia2.387155
Mabanee CompanyKuwait2.377286
National Bank of Ras Al KhaimahUAE2.337370
Gulf BankKuwait2.327481
National Industrialization CoSaudi Arabia2.327591
Southern Province Cement CoSaudi Arabia2.287676
Dubai InvestmentsUAE2.227784
Ahli United BankKuwait2.217878
Bupa Arabia for Cooperative InsuranceSaudi Arabia2.197980
Burgan BankKuwait2.178083
Saudi Cement CoSaudi Arabia2.168175
National Bank of BahrainBahrain2.15/td>82N/A
Company for Cooperative InsuranceSaudi Arabia2.138389
Advanced Petrochemical CoSaudi Arabia2.0884N/A
Ahli BankQatar2.078587
Saudi Ground Services CoSaudi Arabia2.048669
National Petrochemical CoSaudi Arabia2.008790
Jarir Marketing CoSaudi Arabia1.978851
Commercial Bank of Kuwait KKuwait1.938985
United Development CoQatar1.929095
National Bank of Umm Al QaiwainUAE1.9191N/A
National Mobile Telecommunications CoKuwait1.9092N/A
Agility Public Warehousing CoKuwait1.899392
Saudi Investment BankSaudi Arabia1.879460
Gulf International ServicesQatar1.809565
Al Khalij Commercial BankQatar1.799699
Saudi Airlines Catering CoSaudi Arabia1.779774
Arabtec HoldingUAE1.769894
Qatari Investors GroupQatar1.739999
Al Ahli Bank of KuwaitKuwait1.66100N/A