DFM General Index adds 3%
Foreign investors net DFM buyers by AED 13.77 mln
Dubai Financial Market General Index (DFMGI) ended today on an up note, with a sharp rise of approx. 3%, or 62 points to settle at 2137.80. The Index kept swinging between the red and green, hitting an intraday high of 2150.37 pts.
Trading volume retreated to nearly 288.6 million shares, compared to 355.7 million shares yesterday. Traded value also went down from AED 746 million to nearly AED 679.3 million, generated from 6759 transactions.
Non-Arab foreign investors bought shares at a gross value of approx. AED 82.34 million on Dubai Financial Market (DFM) today, while their sell transactions reached almost AED 110.08 million.
Buy transactions of non-GCC Arabs totaled around AED 197.97 million, compared to about AED 155.29 million sell trades.
Purchase trades of GCC investors amounted to AED 37.47 million, compared to sell transactions nearing AED 38.63 million.
Accordingly, buy transactions of non-UAE foreigners reached approx. AED 317.78 million, accounting for 46.78% of total purchase trades, while their sell transactions totaled about AED 304.00 million, representing roughly 44.75% of total sell trades.
Consequently, foreign investment netted approx. AED 13.77 million as a buy turnover.
Advancers outnumbered decliners by 26 to 2, while 2 were stuck in neutral.
KFIC led today’s gainers, soaring 14.75% to AED 3.89. SHUAA Capital ranked second, surging 7.69% to end at AED 1.82. Emaar followed, hiking 6.17% to AED 4.30. Dubai Financial Market Co. (DFMC) took the fourth position, ending 5.69% higher at AED 2.23.
Emaar topped most actives by trading volume and value, upon exchanging around 75.4 million shares at a total value nearing AED 320.3 million. DFMC came second, after about 62.3 million shares were traded, totaling almost AED 138.3 million.
National Cement was the worst performer today, shedding 5%. It was followed by Al-Madina that edged down 0.87% to shut at AED 1.14.
Most sectors ended in the green, led by Real Estate & Construction that climbed 5.20%. Investment & Financial Services followed, rising 4.16%, then Utilities (3.30%) and Telecommunication (0.27%).
Materials was the sole declining sector, dropping 5%, pressured by National Cement.
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