Dubai, UAE – Local stock markets continued their gains over the past week, both in terms of performance and trading activity.
It achieved market gains exceeding 58.81 billion dirhams.
Profits were distributed at AED 26.55 billion for the Dubai Financial Market, and about AED 32.25 billion for the Abu Dhabi Securities Market.
This was reflected in a 2.6% increase in indices in both markets in Dubai and a 1.6% increase in the Abu Dhabi Securities Exchange index.
The trading value also became active, exceeding the barrier of 10.59 billion dirhams after trading about 3.15 billion shares during 191,833 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 983 million, distributed as AED 625.58 million in the Abu Dhabi market.
Net purchase of AED 357.5 million in Dubai market.
etc.. The net purchase proceeds of financial institutions’ transactions amounted to approximately AED 830.36 million, including AED 569.38 million in the Capital Market and AED 260.98 million in Dubai Financial.
Dubai market
Dubai Financial Market data shows that the total value of foreign stock purchases last week amounted to about AED 1.844 billion.
To constitute approximately 51.2% of the total value of purchases.
Their sales amounted to approximately 1.486 billion dirhams, representing 41.2% of the total sales value.
The net foreign investment amounted to about 357.5 million dirhams, as a result (purchase).
The Emiratis purchased shares in the Dubai Financial Market worth AED 1.785 billion and sold shares worth AED 2.115 billion.
The total of their transactions (sale) was 357.5 million dirhams.
On the other hand, the value of shares purchased by institutional investors last week amounted to 2.419 billion dirhams, representing 67.17% of the total trading value.
On the other hand, the value of the sold shares amounted to about 2.158 billion dirhams, constituting 59.93% of the total trading value.
As a result, net institutional investment during the period amounted to approximately AED 260.98 million, as proceeds (purchase).
The total transactions of individuals during the week amounted to 260.98 million dirhams as a result (sale).
This came after they bought shares worth 1.182 billion dirhams and sold them worth 1.443 billion dirhams.
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 573.66 million dirhams.
After acquiring 31.5% of the total trading value during the week and 26.4% of the total amount of shares traded.
