Dubai Financial Market General Index increases by 8.7%

At the sectoral level, indexes of seven out of the nine sectors represented on DFM ended the quarter in the green, with the Telecommunication sector increasing the most by 15.8%, followed by the Real Estate and Transportation sectors by 11.4%, and 10.6% respectively. The Consumer Staples sector index has not changed during this quarter, while the Industrial index decreased by 10%.

The market capitalization increased at the end of this quarter by 4.2% amounting to Dhs181.3bn compared to Dhs174bn at the end of previous quarter. The value of shares traded during this quarter reached Dhs8.1bn, compared to Dhs11.8bn recorded during second quarter, a decrease by 31.2%. The number of shares traded decreased by 22.4% to reach 6.8bn shares during this quarter compared to 8.8bn shares were traded during second quarter. The number of transactions executed during third quarter down by 33.1% to reach 105.6 thousands compared to 157.9 thousand deals carried out during the previous quarter.

As for the sectors' contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach Dhs4.496bn, or 55.2% of the total traded value in the market. The Banking sector ranked second at Dhs1.586bn or 19.5%, followed by the Financial and Investment Services sector with Dhs509.3m or 6.3%, the Telecommunication sector with Dhs454.4m or 5.6%, the Transportation sector with Dhs423m or 5.2%, the Services sector with Dhs416.9m or 5.1%, and the Insurance sector with Dhs253.5m or 3.1%.

The value of stocks bought by foreign investors during this quarter reached Dhs4.015bn comprising 49.3% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dhs3.854bn comprising 47.3% of the total value traded.

Accordingly, DFM net foreign investment in-flow reached Dhs160.8m.

On the other hand, The value of stocks bought by institutional investors during this quarter reached Dhs2.429bn comprising 29.8% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dhs2.268bn which constitutes 27.9% of the total value traded. Net institutional investment in-flow into DFM amounted to Dhs161.2m.