Economy

117 million dollars, the net purchase of foreigners from UAE stocks, in Monday’s session

Malik Salameh – Mubasher: The net purchase of foreign shares in the UAE financial markets at the end of trading today, Monday, amounted to 430 million dirhams, equivalent to 117.16 million dollars.

Foreign investors carried out purchases on Dubai and Abu Dhabi shares at a value of more than 1.161 billion dirhams, equivalent to 316 million dollars, compared to sales operations worth 731.668 million dirhams, equivalent to 199 million dollars, with a net purchase of 430 million dirhams, according to UAE financial markets data.

The value of foreign purchases of shares in the Abu Dhabi Securities Market amounted to regarding 1.149 billion dirhams, compared to sales of regarding 721.112 million dirhams.

The value of foreign purchases on the Dubai Stock Exchange amounted to regarding 12.664 million dirhams, compared to sales of regarding 10.556 million dirhams.

The net purchase of foreign shares in the Abu Dhabi market amounted to 428 million dirhams, compared to a net purchase in the Dubai market of 2.108 million dirhams.

UAE financial market indices fell by the end of trading on Monday, with investors anticipating inflation data and the US Central Bank’s decision to raise interest rates.

According to the data of the UAE financial markets, the Dubai Financial Market recorded losses amounting to 1.67 billion dirhams, while the losses of the Abu Dhabi market amounted to 30 billion dirhams, with a total market loss of 31.67 billion dirhams, equivalent to 8.62 billion dollars.

The Dubai and Abu Dhabi stock exchanges attracted a liquidity of 2.492 billion dirhams, distributed over 30,383 transactions.

To trade and invest in Gulf stock exchanges, click here.