The value of stocks sold by foreign investors during the same period reached AED1.359 billion, comprising 32.8 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached AED6.269 million during the same period.
The value of stocks bought by institutional investors between April 29, 2007 and May 3, 2007, reached AED978 million, comprising 23.6 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the period reached AED686 million, which constitutes 16.6 per cent of the total value of stocks traded during the period. Net institutional investment on the market reached AED292 million during the period.
Foreign investors purchase AED1.366 billion worth of shares on DFM in 1st week of May 2007
Dubai Financial Market announced that the value of shares bought by foreign investors, or non-UAE nationals, between April 29, 2007 and May 3, 2007, reached AED1.366 billion, comprising 33 per cent of the total value of stocks traded during the period.
- United Arab Emirates: Saturday, May 05 - 2007 at 09:01
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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.
For further information, please contact:
Nicholas Nesson / Tarek Fleihan
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Posted by Lara Lynn Golden, News EditorSaturday, May 05 - 2007 at 09:01 UAE local time (GMT+4)
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This Article was updated on Saturday, May 26 - 2007
Index : Company News : Dubai Financial Market (DFM)
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