Foreign investors buy $309m worth shares on DFM
Dubai, August 22, 2014
Foreign investors purchased shares worth Dh1.14 billion ($309.5 million) on the Dubai Financial Market (DFM) from August 17 to 21, while the value of stocks they sold was Dh1.08 billion, said a report.
The net foreign investment during the period reached Dh55.1 million during the period, said the Emirates News Agency (WAM) report.
The value of shares bought by foreigner investors comprised 45.7 per cent of the total value of stocks traded during the last five days, while value of stocks sold by foreign investors during the same period represented 43.5 per cent of stocks traded during the period, a DFM press release was quoted as saying.
The value of stocks bought by institutional investors hit Dh732.1 million, comprising 29.5 per cent of the total value of stocks traded during the period, while the stocks sold reached Dh605.7 million, representing 24.4 per cent of the total value of stocks traded.