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INDEX SHEDS 264 POINTS

DFM... foreign investors count for more than
half of the total traded value.

DFM traded shares value down 16pc in November

DUBAI, December 4, 2014

The value of shares traded at Dubai Financial Market during November reached Dh19.6 billion ($5.33 billion), compared to Dh23.3 billion ($6.34 billion) recorded during October, down 15.9 per cent.

The number of shares traded decreased by 17.7 per cent to reach 7.2 billion shares during this month compared to 8.8 billion shares traded during October, a DFM statement said.

The number of transactions executed during November down 22.1 per cent to reach 130,600 compared to 167,500 deals carried out during the previous month.

The DFM general index went down 5.8 per cent to 4281.4 points at the end of November compared to 4545.4 points at the end of October. The financial & investment services index decreased the most by 14.2 per cent and the real estate and construction index down 5.4 per cent, and the banking index decreased by 5.7 per cent. In contrast, the transportation index up 4.5 per cent.

The market capitalization decreased at the end of this month by 3.5 per cent to reach Dh 357.2 billion compared to Dh370.3 billion at the end of October.

As for the sectors’ contribution to trading volumes, the real estate and construction sector ranked first in terms of the traded value, to reach Dh14.6 billion, or 74.8 per cent of the total traded value in the market. Banking sector ranked second at Dh2.3 billion or 11.6 per cent, followed by the financial & investment services sector with Dh1.3 billion or 6.5 per cent.

The transportation sector with Dh790.5 million or 4 per cent, the telecommunication sector with Dh283.5 million or 1.4 per cent, the services sector with Dh147 million or 0.8 per cent, the insurance sector with Dh116.7 million or 0.6 per cent, and the consumer staples sector with Dh51.7 or 0.3 per cent.

The value of stocks bought by foreign investors during this month reached Dh10.5 billion comprising 53.5 per cent of the total traded value. The value of stocks sold by foreign investors during the same period reached Dh9.9 billion comprising 51 per cent of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dh488.8 million.

The value of stocks bought by institutional investors during this month reached Dh 7.6 billion comprising 38.8 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh7.2 billion which constitutes 36.9 per cent of the total value traded. DFM net institutional investment in-flow amounted to Dh354.8 million. – TradeArabia News Service




Tags: Dubai Financial Market | DFM | foreign investors | November |

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