2023-07-07 20:49:35
Youssef Al Bustanji (Abu Dhabi)
The UAE financial markets achieved significant gains in their market value, amounting to 32 billion dirhams, bringing their total value to 3.46 trillion dirhams, according to the official closing prices yesterday, compared to 3.428 trillion dirhams at the end of the previous week, according to statistical data issued by the markets.
The rise came with the support of the influx of new foreign capitals that entered the two markets during the past week, amounting to 504 million dirhams (net purchase). The markets also witnessed the entry of institutional investments, whose turnover amounted to regarding 341 million dirhams (net purchase).
Abu Dhabi market
And in the Abu Dhabi Securities Market, the general index of the market rose by 54 points during the week, equivalent to 0.56%, to close at 9604 points yesterday, compared to 9550 points at the end of the previous week.
The total market value of companies listed on the capital market, Abu Dhabi, increased by 6 billion dirhams, to reach 2.782 trillion dirhams, according to yesterday’s closing prices, compared to 2.776 trillion dirhams at the end of the previous week.
The trading value amounted to 5.72 billion dirhams, and the trading volume was 1.48 billion shares, which were traded through 85 thousand deals concluded in the market over the five sessions that the market witnessed during the week.
The result was an increase in the closing prices of 48 companies, while the market prices decreased for 24 companies and the prices of 31 companies remained unchanged compared to the official closing prices recorded for them at the end of the previous week.
The Abu Dhabi market recorded a strong entry for foreign investors, as the value of new foreign investment that entered the market during the past week amounted to regarding 278 million dirhams (net purchase), as a result of foreign investors concluding 86,000 deals through which regarding 982 million shares were traded, with a total value of 1.6 billion. Dirhams are equivalent to regarding 28.5% of the total trading value during the week.
Institutions dominated trading in the Abu Dhabi market during the past week, as it captured 71.5% of the total trading value, with a share of 3.995 billion dirhams in the value of selling deals, 4.097 billion dirhams in the total value of buying transactions, to record 103 million dirhams net purchase during the five sessions. past.
Dubai market
In the Dubai Financial Market, the general index of the market rose by approximately 4.5% during the week, equivalent to an increase of regarding 170 points, to reach the level of 3962.4 points yesterday, compared to 3792.5 points at the end of the previous week.
As a result, the market value of companies listed on the Dubai Financial Market rose by 26 billion dirhams to reach 678 billion dirhams, according to yesterday’s closing prices, compared to 652 billion dirhams at the end of the previous week.
The value of foreign purchases of shares during the past week amounted to regarding 1.486 billion dirhams, constituting approximately 42.79% of the total value of purchases, while the value of foreign sales of shares during the same period amounted to regarding 1.260 billion dirhams, constituting 36.29% of the total value of sales. For these developments, net foreign investment amounted to regarding 226 million dirhams (net purchase).
On the other hand, the value of shares purchased by institutional investors during the past week amounted to regarding 1.541 billion dirhams, constituting 44.36% of the total trading value. In contrast, the value of shares sold by institutional investors during the same period amounted to regarding 1.302 billion dirhams, constituting 37.50%. % of the total trading value. As a result, the net institutional investment during the period amounted to regarding 238 million dirhams (net purchase).
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