DFM performance October 2012

At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the month in the green, with the Financial & Investment Services sector increasing the most by 7.1%, followed by the Telecommunication and Insurance sectors by 5.1%, and 2.7% respectively.

The Consumer Staples and the Industrial sectors indices has not changed during this month, while the Services index decreased by 3.1%.

The market capitalization increased at the end of this month by 0.5% amounting to Dhs182.2bn compared to Dhs181.3bn at the end of previous month. The value of shares traded during this month reached Dhs3.12bn, compared to Dhs3.10bn recorded during September, an increase by 1.8%. The number of shares traded increased by 7% to reach 2.9 billion shares during this month compared to 2.7 billion shares were traded during September. The number of transactions executed during October up by 2.9% to reach 38.5 thousands compared to 37.5 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 Dhs1.503bn, or 48.2% of the total traded value in the market. The Banking sector ranked second at Dhs547.8m or 17.6%, followed by the Financial and Investment Services sector with Dhs428.3m or 13.7%, the Transportation sector with Dhs256.8m or 8.2%, the Services sector with Dhs168.9m or 5.4%, the Telecommunication sector with Dhs146.6m or 4.7%, and the Insurance sector with Dhs68.2m or 2.2%.

The value of stocks bought by foreign investors during this month reached Dhs1.508bn comprising 48.3% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dhs1.408bn comprising 45.1% of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dhs100.6m.

On the other hand, The value of stocks bought by institutional investors during this month reached Dhs834.1m comprising 26.7% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dhs770.4m which constitutes 24.7% of the total value traded. Net institutional investment in-flow into DFM amounted to Dhs63.8m.