DFM market cap reaches Dh328 billion

The approach of anticipated US monetary tightening later this year has cast a shadow over fixed income. (Supplied)

The Dubai Financial Market General Index was down 2.6 per cent 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 per cent and the Consumer and Discretionary index down 5.5 per cent, and the Real Estate and Construction index decreased by 5.1 per cent. In contrast, the Transportation index up 7.9 per cent, and Services index up 2.3 per cent.

The market capitalisation increased at the end of this month by 1.8 per cent to reach Dh328.3 billion compared to Dh322.6 billion at the end of December. The value of shares traded reached during this month Dh15.3 billion, compared to Dh 23.2 billion recorded during December, down 34.1 per cent. The number of shares traded decreased by 28.2 per cent 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 per cent 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 Dh9.7 billion, or 63.5 per cent of the total traded value in the market. Banking sector ranked second at Dh2.6 billion or 17.1 per cent, followed by the Financial and Investment services sector with Dh2 billion or 13 per cent. The Transportation sector with Dh636.6 million or 4.2 per cent, the Consumer and Discretionary sector with Dh113.1 million or 0.7 per cent, the Services sector with Dh107.8 million or 0.7 per cent, the Telecommunication sector with Dh65.3 million or 0.4 per cent, and the Insurance sector with Dh63.6 million or 0.4 per cent.

The value of stocks bought by foreign investors during this month reached Dh7.5 billion comprising 49 per cent of the total traded value. The value of stocks sold by foreign investors during the same period reached Dh7.7 billion comprising 50.2 per cent of the total value traded. Accordingly, DFM net foreign investment out-flow reached Dh189.8 million.

On the other hand, the value of stocks bought by institutional investors during this month reached Dh 3.9 billion comprising 25.2 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh4.2 billion which constitutes 27.8 per cent of the total value traded. DFM net institutional investment out-flow amounted Dh397.2 million.



 

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