The value of stocks sold by foreign investors during the same period reached AED2.891 billion, comprising 30.7 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached AED609 million during the same period.
The value of stocks bought by institutional investors between May 6th - 10th 2007, reached AED2.4 billion, comprising 25.6 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the period reached AED1.534 billion, which constitutes 16.3 per cent of the total value of stocks traded during the period. Net institutional investment on the market reached AED874 million during the period.
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Foreign investors purchase AED3.5 billion worth of shares on DFM between May 6th - 10th 2007
- United Arab Emirates: Saturday, May 12 - 2007 at 09:32
- PRESS RELEASE
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, between May 6th and 10th 2007, reached AED3.5 billion, comprising 37.2 per cent of the total value of stocks traded 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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ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Posted by Lara Lynn Golden, News EditorSaturday, May 12 - 2007 at 09:32 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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