Market value of foreign shares amounts to AED97.7 billion in April

ABU DHABI, — Foreign investors secured AED6.4 billion in gains during April, 2017, augmenting the total market value of foreign stocks at Abu Dhabi Securities Exchange, ADX, and Dubai Financial Market, DFM, to AED97.7 billion by the end of the last month, a 7 percent increase from AED91.3 billion in March.

The growth is attributable to an improvement in the value of leading shares, especially those at the real estate and banking sectors listed at ADX.

Most of the gains secured by this segment of traders, who include Gulf, Arab and non-Arab investors, were booked at ADX where the market value of their shares amounted to AED43 billion in April, a growth of 20 percent from AED35.8 billion in March. On the contrary, the market value of DFM, declined by around AED 800 million, according to official released figures.

Non-Arab investors were top performers in April with total share market value amounting to AED65.77billion in April, AED 29.9 billion of which are invested at ADX and AED 35.87 at DFM.

Gulf investors came second with total share market value of AED 25 billion, AED 14.1 billion of which at DFM and 10.9 at ADX.

Arab investors invested AED7 billion, including AED 4.7 billion at DFM and AED2.3 billion at ADX.

A large number of non-Arab investors increased their investments at First Abu Dhabi Bank, listed under the ticker symbol NBAD, following the merger of National Bank of Abu Dhabi and First Gulf Bank,, ratcheting up their share market value during April.

Source: Emirates News Agency