Foreign investors purchase AED2.4 bn worth of shares on DFM

Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, this week reached about AED2.45 billion, while value of stocks they sold stood at AED2.43 billion, with net foreign investment on the market reaching AED19 million during the period, as aggregate buy.

Value of shares bought by foreigner investors comprised 38.4 per cent of the total value of stocks traded during the last five days, while value of stocks sold by foreign investors during the same period represented 38.1 per cent of stocks traded during the period, a DFM press release said on the market activities over the week.

The value of stocks bought by institutional investors during the week reached AED1.6 billion, comprising 25.6 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the period reached AED1.4 million, representing 21.2 per cent of the total value of stocks traded during the period.

Net institutional investment on the market stood at about AED278.9 million during the period, as an aggregate buy.