Published On: Fri, Oct 24th, 2014

Value of stocks bought by foreign investors on DFM reach over AED 2.6bn in a week

Value of stocks bought by foreign investors on DFM reach over AED 2.6bn in a week

Value of stocks bought by foreign investors on DFM reach over AED 2.6bn in a week

Dubai Financial Market ( DFM ) announced that the value of shares bought by foreign investors, or non-UAE nationals, from 19th to 23rd October, 2014, reached AED 2.64 billion, while value of stocks they sold stood at AED 2.56 bn, with net foreign investment on the market reaching AED 77.7 million during the period, as aggregate buy.

Value of shares bought by foreigner investors comprised 48.7 per cent of the total value of stocks traded during the period, while value of stocks sold by foreign investors during the same period represented 47.2 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 1.8 bn, comprising 33.2 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 1.5 bn, representing 28.2 per cent of the total value of stocks traded during the period.

Net institutional investment on the market reached AED 271 million during the period, as an aggregate buy.

Source : WAM News Agency for United Arab Emirates

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