The market capitalisation-to-GDP ratio also moved in step with the upward trend, now accounting for 96.5% of GDP, up from 71.1% of GDP in 2006, and is comparable to the ratios characteristic of many developed Western economies. The major industrial leaders of the market are banking, telecoms and real estate, which together make up almost two-thirds of market capitalisation. The volume of activity on the stock market, including shares and bonds, also increased significantly in 2007, reaching Dh359.7bn ($46.8bn), an increase of 161.1% on 2006, when total volumes amounted to Dh166.4bn ($21.6bn).