Dubai, UAE – Local stock markets achieved several gains over the past week, both in terms of performance and trading activity.
It achieved market gains exceeding 37.84 billion dirhams, distributed as follows: 20.22 billion dirhams for the Dubai Financial Market and approximately 17.62 billion dirhams for the Abu Dhabi Securities Market.
This was reflected in a 1.45% increase in indices in both markets in Dubai, and a 1.2% increase in the Abu Dhabi Securities Exchange index.
The trading value also became active, exceeding the barrier of 10 billion dirhams, after about 2.85 billion shares were traded during 182,549 transactions in both markets.
The gains also included strong purchases by foreign investors and financial institutions.
The net purchase of foreigners amounted to approximately AED 934.8 million, distributed as AED 594 million in the Abu Dhabi market and a net purchase of AED 340.8 million in the Dubai market.
In addition, the net purchase of financial institutions’ transactions amounted to approximately AED 803.3 million, including AED 500 million in the Capital Market and AED 303.3 million in Dubai Financial.
Abu Dhabi
Weekly statistics from the Abu Dhabi Securities Market showed an increase in the value of transactions (purchases) by non-Arab foreigners, compared to purchase transactions.
The net proceeds (purchase) will be worth 715.61 million dirhams.
This came after they accounted for 32.2% of the total trading value during the week and 27.2% of the total amount of shares traded.
The total proceeds of transactions between foreigners of various nationalities amounted to AED 594 million net (purchase).
Emirati investors accounted for high percentages of Abu Dhabi market trading.
Their share amounted to 61.3% of the trading value, and also 61.3% of the trading quantity.
The total transactions of Emirati investors amounted to 594 million dirhams (sold).
The total transactions of the institutions amounted to 500 million dirhams as a result of (purchase).
Dubai market
Data from the Dubai Financial Market show that net foreign investment amounted to about 340.88 million dirhams as proceeds (purchase).
The total transactions of Emiratis amounted to 340.88 million dirhams (sold).
On the other hand, net institutional investment amounted to about 303.31 million dirhams, as a result (purchase).
The total transactions of individuals during the week amounted to 303.31 million dirhams as a result (sale).
The total trading value reached 3.65 billion dirhams after trading about 1.4 billion shares during 72,964 transactions.
The total market value of the market increased by about 20.22 billion dirhams, recording 1.042 trillion dirhams at the end of the week, compared to 1.021 trillion dirhams, the market value recorded at the end of the previous week.
