DFM performance - February 2013

At the sectoral level, indexes of four out of the nine sectors represented on DFM ended the month in the green, with the Telecommunication sector increasing the most by 18%, followed by the banks and Real Estate & Construction sectors by 2%, and 1.9% respectively.

The Industrial sector down by 10%, followed by Services sector by 5.5%. The Consumer Staples sector index has not changed during this month.

The market capitalization increased at the end of this month by 2.6% amounting to Dhs208.9bn compared to Dhs203.6bn at the end of previous month. The value of shares traded reached during this month Dhs6.993bn, compared to Dhs8.652bn recorded during January, a decrease by 19.2%. The number of shares traded decreased by 37.2% to reach 4.782 billion shares during this month compared to 7.616 billion shares were traded during January. The number of transactions executed during February down by 29.2% to reach 66.5 thousands compared to 94 thousand deals carried out during the previous month.

As for the sectors' contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach Dhs3.633bn, or 51.9% of the total traded value in the market. The Banking sector ranked second at Dhs1.319bn or 18.9%, followed by the Services sector with Dhs607.9m or 8.7%, the Financial & Investment Services sector with Dhs521.9m or 7.5%, the Transportation sector with Dhs438.5m or 6.3%, the Telecommunication sector with Dhs366.8m or 5.2%, the Insurance sector with Dhs106.1m or 1.5%, whilst other sectors shared the rest of trading values.

The value of stocks bought by foreign investors during this month reached Dhs3.178bn comprising 45.4% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dhs3.068bn comprising 43.9% of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dhs109.4m.

On the other hand, The value of stocks bought by institutional investors during this month reached Dhs1.976bn comprising 28.3% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dhs1.807bn which constitutes 25.8% of the total value traded. Net institutional investment in-flow into DFM amounted to Dhs168.8m.