Foreign investors sold AED 3.4 bn worth of shares on Dubai Financial Market

Dubai: Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, from December 14 to 18, reached about AED3.3 billion, while value of stocks they sold stood at AED3.4 billion, with net foreign investment on the market reaching AED134.4 million during the period, as aggregate sell.

Value of shares bought by foreigner investors comprised 48.9 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 50.9 per cent of stocks traded during the period, a DFM press release said on the market activities over the past five days.

The value of stocks bought by institutional investors during the week reached AED2.7 bn, comprising 40.6 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the period reached AED2.4 million, representing 35.1 per cent of the total value of stocks traded during the period.

Net institutional investment on the market stood at AED371.4 million during the period, as an aggregate buy.

SOURCE: WAM