The Dubai Financial Market General Index down 2.6% to 3674.4 points at the end of January compared to 3774 points at the end of December 2014. The Financial and Investment services index decreased the most by 6.8% and the Consumer and Discretionary index down 5.5%, and the Real Estate and Construction index decreased by 5.1%. In contrast, the Transportation index up 7.9%, and Services index up 2.3% The market capitalization increased at the end of this month by 1.8% to reach AED 328.3 billion compared to AED 322.6 billion at the end of December. The value of shares traded reached during this month AED 15.3 billion, compared to AED 23.2 billion recorded during December, down 34.1%. The number of shares traded decreased by 28.2% to reach 8.9 billion shares during this month compared to 12.3 billion shares traded during December. The number of transactions executed during January down 24.2% to reach 159.2 thousands compared to 210.2 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 AED 9.7 billion, or 63.5% of the total traded value in the market. Banking sector ranked second at AED 2.6 billion or 17.1%, followed by The Financial and Investment services sector with AED 2 billion or 13%. The Transportation sector with AED 636.6 million or 4.2%, the Consumer and Discretionary sector with AED 113.1 million or 0.7%, the Services sector with AED 107.8 million or 0.7%, the Telecommunication sector with AED 65.3 million or 0.4%, and the Insurance sector with AED 63.6 million or 0.4%.
The value of stocks bought by foreign investors during this month reached AED 7.5 billion comprising 49% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 7.7 billion comprising 50.2% of the total value traded. Accordingly, DFM net foreign investment out-flow reached AED 189.8 million.
On the other hand, the value of stocks bought by institutional investors during this month reached AED 3.9 billion comprising 25.2% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 4.2 billion which constitutes 27.8% of the total value traded. DFM net institutional investment out-flow amounted AED 397.2 million.
Source : WAM News Agency for United Arab Emirates
