The Dubai Financial Market General Index increased by 20.5 percent to 1730.4 points at the end of February compared to 1435.7 points at the end of January.
At the sectoral level, eight out of the nine indices represented on DFM ended the month in the green, with Services sector increasing the most by 159.7 percent , followed by the Real estate and Financial services sectors by 37 percent , and 33 percent respectively. The consumer staples sector has not witnessed any changes during this month.
The market capitalization up at the end of this month by 7.8 percent amounted AED 199.4 billion compared to AED 185 billion. The value of shares traded during this month reached AED 8.7 billion, compared to AED 2.2 billion recorded during January, an increase of 304 percent . Number of shares traded increased by 267.4 percent to reach 7.6 billion shares during this month compared to 2.1 billion shares were traded during the January. Number of transactions executed during February up by 183.8 percent to reach 102.6 thousands compared to 36.1 thousand deals carried out during the previous month.
As for sectors’ contribution to trading volumes, the Real estate and construction sector ranked first in terms of the value of traded shares, to reach AED 4.9 billion, or 56.2 percent of the total value of shares traded in the market. Banking sector ranked second at AED 1.4 billion, or 16.4 percent , followed by the Financial Services and Investment sector with AED 660.8 million, or 7.6 percent , and the Transportation sector with AED 547.1 million, or 6.3 percent . The Services sector with AED 540 million, or 6.2 percent and the Insurance sector with AED 400.7 million, or 4.6 percent , Telecommunication sector with AED 252.3 million, or 2.9 percent .
The value of shares bought by foreign investors during this month reached AED 3.508 billion comprising 40.1 percent of the total value of shares traded. The value of shares sold by foreign investors during the same period reached AED 3.723 billion comprising 42.6 percent of the total value traded. DFM net foreign investment out-flow reached AED 215.5 million.
The value of stocks bought by institutional investors during this month reached AED 2.005 billion comprising 22.9 percent of the total value of shares traded. The value of shares sold by institutional investors during the same period reached AED 1.623 billion which constitutes 18.6 percent of the total value traded. DFM net institutional investment in-flow amounted AED 382 million.