The value of stocks sold by foreign investors during the same period reached Dhs461.4m comprising 31.5% of the total value of stocks traded during the period. Net foreign investment on the market reached Dhs79.8m during the same period, as aggregate buy.
The value of stocks bought by institutional investors during last week reached Dhs304.8m comprising 20.8% of the total value of stocks traded during the period.
The value of stocks sold by institutional investors during the period reached Dhs349m which constitutes 23.8% of the total value of stocks traded during the period. Net institutional investment on the market reached Dhs44.2m during the period. as aggregate sell.
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Foreign investors purchase Dhs541.3m worth of shares on DFM during the last week, and sold Dhs461.4m
- United Arab Emirates: Saturday, December 20 - 2008 at 10:35
- PRESS RELEASE
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (December 14 - December 18) reached Dhs541.3m comprising 36.9% of the total value of stocks traded during the period.
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About Dubai Financial Market: Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body. DFM operates as a secondary market for the 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 DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20% of its paid-up capital of Dhs8bn, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80% of DFM Company.For further information, please contact:
Ghaleb Zeidan
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556
Posted by Nadeen El AjouSaturday, December 20 - 2008 at 10:35 UAE local time (GMT+4)
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