Investors expressing preference for corporate over sovereign risk

Investors have recovered their bullishness towards equity markets but are shifting their focus away from Europe and into the US and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March.

After weakened sentiment in February, investors have restored their faith in equities with a net 46 percent of asset allocators saying they are overweight the asset class, up from 33 percent the previous month. Cash positions have fallen with respondents at a net neutral cash allocation compared with a net 12 percent underweight in February.

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Dubai Financial Market General Index (DFMGI) ended today’s session with a 1.37% slide, shedding nearly 24 points. Hurt by profit-taking, the index reversed a short upturn, during which it hit the 1700 level, to stabilize at 1722.63.

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Dubai Financial Market General Index (DFMGI) ended Sunday’s session on a high note, surging 3.72% or 63 points. It broke through the 1700 level to hit its intraday high of 1747.28, but it trimmed some of its early gains to stabilize at 1746.60.

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Equities trading volumes on Nasdaq Dubai rose by 61% in February 2010 to 322 million, compared to 200 million in January 2010. Volumes in February 2009 were 566 million. Citi was the most active Member of the exchange by equities volume in February 2010, followed by HSBC and then Deutsche Bank.

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Foreign investors net DFM buyers by AED 50.67 mln

Dubai Financial Market General Index (DFMGI) closed out the week with a significant rise of 1.45%, or 24 points. It set its intraday high of 1700.03 pts, backed by renewed hopes for settling Dubai World’s debt crisis. However, it trimmed some of its early gains on profit taking to stabilize at 1683.89.

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Foreign investors net DFM buyers by AED 6.23 mln

Dubai Financial Market General Index (DFMGI) ended today’s session with a slight decline of 0.19%, or nearly 3 points. Snapping a consecutive upturn, the Index drifted down to reach its intraday low at 1646.31 then pared some of its early losses to stabilize at 1659.89.

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Foreign investors net DFM sellers by AED 46.28 mln

Dubai Financial Market General Index (DFMGI) ended Tuesday’s session with a slight rise of 0.84%, or 14 points to stabilize at 1663.02. It set its intraday high of 1666.51 pts, trimming some of its early gains.

Trading volume increased to nearly 425 million shares, compared to 286.7 million shares yesterday. Turnover also rose from AED 536.7 million to approx. AED 795 million, generated from 7520 transactions.

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Foreign investors net DFM buyers by AED 56.09 mln

Dubai Financial Market General Index (DFMGI) extended its gains for the second straight session. It remarkably grew 1.69%, or approx. 27 points, to 1649.14, after hitting its intraday high of 1649.16.

Trading volume approximated 286.7 million shares, compared to 166.75 million shares yesterday. Turnover rose from AED 279.37 million to nearly AED 536.7 million, generated through 5788 transactions. Read more

Foreign investors net DFM buyers by AED 16.28 mln

Dubai Financial Market General Index (DFMGI) closed Sunday’s session on a high note, rising 2.33%, or 36.92 points, breaching the 1600 level.

A total of 166.75 million shares changed hands today, through 3702 trades, at a gross value of AED 279.37 million. Read more

Dubai Financial Market (DFM) announced today it will apply the three decimal Tick Size system only on securities with a market value below AED 1, as of Thursday, March 11th 2010. This will allow investors to trade in these securities with fractions of one Fills, reported the official news agency WAM.

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