DFM market cap up 24% at 2014-end

The Dubai Financial Market (DFM) General Index increased by 12 per cent to 3774 points at the end of 2014 compared to 3369.8 points at the end of 2013.

At the sectoral level, indexes of three out of the nine sectors represented on DFM ended the year in the green, with the Banking sector increasing the most by 32.3 per cent, followed by the Real Estate and Construction sector by 17.6 per cent and Industrial sector by 17.5 per cent. The Services, Insurance, Telecommunication, Consumer Staples, Financial and Investment Services and Transportation indices down 54.6 per cent, 29.4 per cent, 24.3 per cent, 16.2 per cent, 6.4 per cent and 5.6 per cent respectively.
 
The market capitalisation increased at the end of this year by 24.3 per cent amounting to Dh 322.6 billion compared to Dh259.6 billion at the end of previous year. The value of shares traded during this year reached Dh381.5 billion, compared to Dh159.9 billion recorded during 2003, up 138.6 per cent. The number of shares traded increased by 26.2 per cent to reach 160.5 billion shares during this year compared to 127.2 billion shares were traded during last year. The number of transactions executed during this year up 80.4 per cent to reach 2.4 million compared to 1.3 million deals carried out during the previous year.

As for the sectors' contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach Dh243.3 billion, or 63.8 per cent of the total traded value in the market. The Banking sector ranked Second at Dh60.9 billion or 16 per cent, followed by the Financial and Investment Services sector with Dh50.2 billion or 13.1 per cent, the Transportation sector with Dh13.6 billion or 3.6 per cent, the Insurance sector with Dh4.7 billion or 1.2 per cent, the Services sector with Dh4.4 billion or 1.1 per cent, the Telecommunication sector with Dh3.4 billion or 0.9 per cent, and the Consumer and Discretionary staples with 1 billion or 0.3 per cent.

The value of stocks bought by foreign investors during this year reached Dh169.3 billion comprising 44.4 per cent of the total traded value. The value of stocks sold by foreign investors during the same period reached Dh 165.3 billion comprising 43.3 per cent of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dh4.017 billion.

On the other hand, the value of stocks bought by institutional investors during this year reached Dh106.7 billion comprising 28 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh107.7 billion which constitutes 28.2 per cent of the total value traded. Net institutional investment out-flow from DFM amounted to Dh1.037 billion.


 

Follow Emirates 24|7 on Google News.