The value of stocks sold by foreign investors in the 3rd week of April 2007 reached AED2 billion, comprising 31 per cent of the total value of stocks traded during the period. Net foreign investment of non-Arab and non-GCC national investors on the market increased to AED297 million during the 3rd week of April 2007.
The value of stocks bought by institutional investors in the 3rd week of April 2007 reached AED1.2 billion, comprising 18.2 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors in the 3rd week of April 2007 reached AED1.1 billion, which constitutes 17 per cent of the total value of stocks traded during the period. Net institutional investment on the market reached AED77.6 million in the 3rd week of April 2007.
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Foreign investors purchase AED1.96 billion worth of shares on DFM in 3rd week of April 2007
- United Arab Emirates: Saturday, April 21 - 2007 at 16:09
- PRESS RELEASE
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during the 3rd week of April 2007 reached AED1.96 billion, comprising 30 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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Nicholas Nesson / Tarek Fleihan
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ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Posted by Lara Lynn Golden, News EditorSaturday, April 21 - 2007 at 16:09 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 Sat May 26 2007.
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