Published On: Fri, Aug 29th, 2014

Foreign investors purchased AED 2.5 bn worth of shares on Dubai Financial Market

Foreign investors purchased AED 2.5 bn worth of shares on Dubai Financial Market

Foreign investors purchased AED 2.5 bn worth of shares on Dubai Financial Market

Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-U.A.E. nationals, from 24th to 28th August, 2014, reached about AED 2.5 billion, while value of stocks they sold stood at AED 4.45 bn, with net foreign investment on the market reaching AED 47.4 million during the period, as aggregate buy.

Value of shares bought by foreigner investors comprised 38.7 per cent of the total value of stocks traded during the last five days, while value of stocks sold by foreign investors during the same period represented 38 per cent of stocks traded during the period, a DFM press release said.

The value of stocks bought by institutional investors during the week reached AED 1.1 bn, comprising 17.5 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the period reached AED 1.4 bn, representing 21 per cent of the total value of stocks traded during the period.

Net institutional investment on the market stood at AED 227 million during the period, as an aggregate buy.

Source : WAM News Agency for United Arab Emirates

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