DFM registers solid growth in trading volumes
Dubai, May 2, 2013
Dubai Financial Market (DFM), one of Arab world's leading bourses, said the value of shares traded in April soared to Dh7.54 billion ($2.05 billion), up 45.3 per cent when compared to Dh5.19 billion recorded last month.
Announcing its monthly performance, the Dubai bourse said the number of shares traded in April increased by 48.6 per cent to hit 5.89 billion compared to 3.96 billion during March.
The number of transactions executed during April also rose 36.1 per cent to reach 76.7 thousands compared to 56.3 thousand deals carried out during the previous month, it said in a statement.
The DFM Index rose 16.7 per cent to 2135.4 points at the end of April compared to 1829.2 points at the end of March, it added.
At the sectoral level, indexes of seven out of the nine sectors represented on DFM ended the month in the green, with the Financial & Investment services sector topping the list with a 28.6 per cent increase.
This was followed by the Banking sector (27.1 per cent jump), the Transportation sector (13.8 per cent) and the Real Estate and Construction sector (up 10.4 per cent). The Consumer Staples and the Industrial sectors index remained unchanged during this month, said the DFM statement.
The market capitalization increased at the end of this month by 9.4 per cent amounting to Dh223.4 billion compared to Dh204.2 billion at the end of previous month, it added.
As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach Dh2.947 billion, or 39.1 per cent of the total traded value in the market.
The Banking sector ranked second at Dh1.928 billion or 25.6 per cent, followed by the Financial & Investment services sector with Dh1.433 billion per cent, Transportation sector with Dh559.9 million or 7.4 per cent, the Telecommunication sector with Dh323.7 million or 4.3 per cent, the Services sector with Dh261.3 million or 3.5 per cent, the Insurance sector with Dh85.7 million or 1.1 per cent, whilst other sectors shared the rest of trading values.
The value of stocks bought by foreign investors during this month reached Dh3.364 billion comprising 44.6 per cent of the total traded value, said the Dubai bourse.
The value of stocks sold by foreign investors during the same period reached Dh3.137 billion comprising 41.6 per cent of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dh226.7 million, it added.
On the other hand, the value of stocks bought by institutional investors during the month reached Dh2.08 billion comprising 27.7 per cent of total traded value., the top bourse said in its statement.
The value of stocks sold by institutional investors during the same period reached Dh1.758 billion which constitutes 23.3 per cent of the total value traded. Net institutional investment in-flow into DFM amounted to Dh326.9 million, it added.-TradeArabia News Service