The value of stocks sold by foreign investors during the first quarter of 2007 reached AED14 billion, comprising 33 per cent of the total value of stocks sold during the period. Net foreign investment on the market increased by 272 per cent to AED3 billion during the first quarter of 2007, compared to AED806 million during the first quarter of 2006.
The value of stocks bought by foreign investors during the month of March 2007 alone reached AED6.2 billion, comprising 41 per cent of the total value of stocks bought in March 2007. The value of stocks sold by foreign investors in March 2007 alone reached AED5.8 billion, which constitutes 38 per cent of the total value of stocks sold in March 2007. Net foreign investment on the market reached AED385 million in March 2007, compared to AED3.6 million in March 2006.
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Foreign investors purchase AED17 billion worth of shares on DFM in Q1 2007
- United Arab Emirates: Tuesday, April 03 - 2007 at 14:06
- PRESS RELEASE
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during the first quarter of 2007 reached AED17 billion, comprising 40 per cent of the total value of shares bought during the period.
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About Dubai Financial MarketDubai Financial Market was established as a public institution having its own independent corporate body. DFM is operating as a secondary market for trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market. The Market commenced operations on 26th March 2000.
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Dubai, UAE
Tel: +971-4-3355969
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, April 03 - 2007 at 14:06 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Mon Apr 30 2007.
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