The overall Dubai Financial Market (DFM) market capitalisation marginally fell 0.4 per cent in February to Dh198.2 billion compared to Dh199bn in January 2010.
Foreign investors, non-UAE national, were net buyers on the DFM during February when they bought shares worth Dh5.5 million. Foreign investors remained active in the market during the month as they accounted for about 45 per cent of the total turnover.
Arab and GCC nationals were strong buyers in the market last month as they were net buyers of shares worth around Dh47.3m.
Other nationalities were net sellers of shares worth Dh41.6m and UAE nationals were also net sellers of shares worth Dh5.5m.
Institutional investors were net sellers of shares worth Dh27.3m during February. Institutional investors dominated about 19 per cent of the total turnover in the market during the month.
Despite investment companies were aggressive sellers in the market of shares worth Dh105.7m, banks could reduce the overall impact of selling pressures from institutional investors as they were net buyers of shares worth Dh53.2m while institutional investors were net buyers of shares worth Dh25.3m.
The index ended February 2010 almost flat at 1592.91 points, up by 0.2 per cent, according to statistical data released by the Dubai bourse.
The market witnessed a significant decline in the turnover due to a lack of liquidity and low volatility which pushed speculators and day traders out. The value of shares traded during February reached Dh4.7bn, a 48.4 per cent decline compared to Dh9bn recorded during January.
Trade volumes decreased by 36.9 per cent to reach 2.9 billion shares during February compared to 4.5 billion shares which were traded during the January. The number of transactions executed during February fell by 36.9 per cent to reach 65500.
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