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19 March 2024

Foreigners bought Dh2.6 bn shares on DFM in week

Published
By Wam

Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals from October 19 to 23 reached Dh2.64 billion, while value of stocks they sold stood at Dh2.56 billion, with net foreign investment on the market reaching Dh77.7 million during the period, as aggregate buy.

Value of shares bought by foreigner investors comprised 48.7 per cent of the total value of stocks traded during the period, while value of stocks sold by foreign investors during the same period represented 47.2 per cent of stocks traded during the period, a DFM press release said.

The value of stocks bought by institutional investors during the week reached Dh1.8 billion, comprising 33.2 per cent of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the period reached Dh1.5 billion, representing 28.2 per cent of the total value of stocks traded during the period.

Net institutional investment on the market reached Dh271 million during the period, as an aggregate buy.