DFM performance - January 2013

At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the month in the green, with the Services sector increasing the most by 34.7%, followed by the Real Estate & Construction and the Financial & Investment Services sectors by 26.6%, and 16.3% respectively.

The Insurance sector down by 3.3%, followed by Industrial sector by 0.7%. The Consumer Staples sector index has not changed during this month.

The market capitalization increased at the end of this month by 11.9% amounting to Dhs203.6bn compared to Dhs181.9bn at the end of previous month.

The value of shares traded during this month reached Dhs8.652bn, compared to Dhs2.762bn recorded during December, an increase by 213.3%. The number of shares traded increased by 211% to reach 7.616 billion shares during this month compared to 2.449 billion shares were traded during December. The number of transactions executed during January up by 181.5% to reach 94 thousands compared to 33.4 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 Dhs3.324bn, or 38.4% of the total traded value in the market. The Banking sector ranked second at Dhs2.054bn or 23.7%, followed by the Financial & Investment Services sector with Dhs1.103bn or 12.7%, the Services sector with Dhs1.024bn or 11.8%, the Transportation sector with Dhs435.8m or 5%, the Insurance sector with Dhs385.9m or 4.5%, the Telecommunication sector with Dhs324.6m or 3.8%, whilst other sectors shared the rest of trading values.

The value of stocks bought by foreign investors during this month reached Dhs4.083bn comprising 47.2% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dhs3.748bn comprising 43.3% of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dhs334.2m.

On the other hand, The value of stocks bought by institutional investors during this month reached Dhs2.038bn comprising 23.6% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dhs1.697bn which constitutes 19.6% of the total value traded. Net institutional investment in-flow into DFM amounted to Dhs340.5m.