Dubai, UAE – Local stock markets witnessed active trading over the past week.
The total trading value exceeded 8.73 billion dirhams, the result of trading 2.53 billion shares during 157,233 transactions.
This activity came amid increased demand for a number of active and leading stocks.
This was reflected in the closing of indices in both markets in the green zone.
The Abu Dhabi Securities Market witnessed a significant increase in buying transactions by Emirati investors.
They accounted for 60% of the trading value and approximately 62.3% of the trading volume, bringing their net purchases during the week to approximately AED 192.75 million.
The Dubai Financial Market also witnessed an increase in purchases by foreigners and financial institutions, concluding the week’s trading with market gains of AED 17.4 billion.
Abu Dhabi
Weekly statistics from the Abu Dhabi Securities Market showed an increase in the value of transactions (sales) of non-Arab foreigners, compared to purchase transactions.
The net proceeds (sale) amounted to AED 207.59 million, after they acquired 33.2% of the total trading value during the week and 28.6% of the total quantity of shares traded.
Non-Arab foreigners bought shares worth AED 3.18 billion last week.
In return, they sold shares worth 2.98 billion dirhams. The total transactions of Arabs (selling) were worth 17.17 million dirhams, and the total transactions of Gulf Arabs (buying) were worth 32 million dirhams.
Thus, the total total transactions of foreigners of various nationalities become 192.75 million dirhams net (sale).
Emirati investors accounted for high percentages of Abu Dhabi market trading.
Their share amounted to 60% of the trading value and 62.3% of the trading quantity.
Emirati investors bought shares in the capital’s market worth AED 3.18 billion and sold shares worth AED 2.98 billion.
The total of their transactions (purchases) was 192.75 million dirhams.
The total transactions of the institutions amounted to 43.34 million dirhams as proceeds (sale).
The total value of individual transactions (purchases) was 43.34 million dirhams.
The general index of the Abu Dhabi Securities Market closed up by about 14 points and 0.15% at 10,009.62 points, compared to 9,994.57 points at the end of the previous week.
Dubai market
Data from the Dubai Financial Market show that net foreign investment amounted to about 403.49 million dirhams as proceeds (purchase).
The Emiratis purchased shares in the Dubai Financial Market worth AED 1.799 billion and sold shares worth AED 2.202 billion, bringing their total transactions (sale) to AED 403.49 million.
On the other hand, net institutional investment last week amounted to approximately AED 324.72 million as proceeds (purchase).
The total transactions of individuals during the week amounted to 324.72 million dirhams as a result (sale).
The general index of the Dubai Financial Market closed with a significant increase of 111.91 points, or 1.83%, at the level of 6225.94 points, on Friday, compared to 6114.03 points at the end of the previous week.
The total trading value reached 3.62 billion dirhams after about one billion shares were traded during 66,808 transactions.
The total market value of the market increased by about 17.4 billion dirhams, recording 1.021 trillion dirhams at the end of the week, compared to 1.004 trillion dirhams, the market value recorded at the end of the previous week.
