News
Foreigners remain net sellers on Dubai bourse
Foreign investors continued to be net sellers on the Dubai Financial Market (DFM) for the week ended August 21.
They bought shares worth Dh1.117 billion and sold Dh1.291bn worth of shares.
The selling dragged Emaar Properties to a more than 40-month low.
The value of shares bought by foreign investors, or non-UAE nationals during the trading comprised 35.9 per cent of the total value of stocks traded during the period.
The net foreign investment on the market reached Dh174.3 million during the same period, as aggregate sell, the bourse said in a statement.
The trading data showed nationals, Gulf nationals and Arabs were all net buyers last week, said an agency report.
Institutional investors bought Dh871.76m worth of shares during the week and sold shares worth Dh1.173bn, thus dropping the net institutional investment on the market to Dh301.32m during the week as aggregate buy.
The index fell 2.5 percent in the trading week, shedding 1.31 percent on Thursday to 4,891.15 points, its lowest close since October 2007.
Emaar, the real estate giant, dropped 2.29 per cent on Thursday to Dh9.39, its worst finish since April 11, 2005, the early days of a stock market rally that took the stock to as high as Dh29.10 in September that year.
They bought shares worth Dh1.117 billion and sold Dh1.291bn worth of shares.
The selling dragged Emaar Properties to a more than 40-month low.
The value of shares bought by foreign investors, or non-UAE nationals during the trading comprised 35.9 per cent of the total value of stocks traded during the period.
The net foreign investment on the market reached Dh174.3 million during the same period, as aggregate sell, the bourse said in a statement.
The trading data showed nationals, Gulf nationals and Arabs were all net buyers last week, said an agency report.
Institutional investors bought Dh871.76m worth of shares during the week and sold shares worth Dh1.173bn, thus dropping the net institutional investment on the market to Dh301.32m during the week as aggregate buy.
The index fell 2.5 percent in the trading week, shedding 1.31 percent on Thursday to 4,891.15 points, its lowest close since October 2007.
Emaar, the real estate giant, dropped 2.29 per cent on Thursday to Dh9.39, its worst finish since April 11, 2005, the early days of a stock market rally that took the stock to as high as Dh29.10 in September that year.