Foreigners buy shares worth AED 1.8 bn on DFM

DUBAI, 15th December, 2016 (WAM) — Foreign investors purchased shares worth AED1.8 billion on the Dubai Financial Market (DFM) over the week, while the value of stocks they sold amounted to AED1.9 billion, a DFM report said.

The net foreign investment during the period reached AED150.1 million, as aggregate sale.

The value of shares bought by foreigner investors comprised 35.6 per cent of the total value of stocks traded during the last five days, while the value of sold shares represented 38.7 per cent of stocks traded during the period, stated the report citing the DFM data.

The value of stocks bought by institutional investors soared to AED2.1 billion comprising 42.5 per cent of the total value of stocks traded, said the report.

The value of stocks sold by institutional investors during the period reached AED1.8 billion which constitutes 35.3 per cent of the total value of stocks traded during the five-day trading period, it stated.

Net institutional investment on the market stood at AED354.1 million during the period, as aggregate buy, the report added.

WAM/tfaham

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