The Dubai Financial Market General Index decreased by 2.8 per cent to 1516.9 points at the end of June compared to 1559.9 points at the end of May. At the sectoral level, six out of the nine indices represented on DFM ended the month in the red, with Services sector declining the most by 12.7 per cent, followed by the Transportation and Real estate sectors by 6.3 per cent and 4.8 per cent respectively. The Industrial and Banking sectors increased by 8.9 per cent and 1.1 per cent respectively.
The market capitalisation fell down at the end of this month by 1.1 per cent to reach Dh194.9 billion compared to Dh196.9bn at the end of May. The value of shares traded during this month reached Dh3.1bn, compared to Dh3.5bn recorded during May, a decrease of 9.6 per cent. Number of shares traded decreased by 19.7 per cent to reach 2.5bn shares during this month compared to 3.2bn shares were traded during the May. Number of transactions executed during June decreased by 16.1 per cent.
As for sectors' contribution to trading volumes, the real estate and construction sector ranked first in terms of the value of traded shares, to reach Dh1.481bn, or 47.4 per cent of the total value of shares traded in the market. Banking sector ranked second at Dh610.7 million, or 19.6 per cent, followed by the Financial Services and Investment sector with Dh346.1m, or 11.1 per cent, and the Transportation sector with Dh238.3m, or 7.6 per cent. The Services sector with Dh173.3m, or 5.6 per cent, and the Insurance and the Telecommunication sectors 5.2 per cent and 3.5 per cent respectively.
The value of shares bought by foreign investors during this month reached Dh1.426bn comprising 45.7 per cent of the total value of shares traded. The value of shares sold by foreign investors during the same period reached Dh1.483bn comprising 47.5 per cent of the total value traded. DFM net foreign investment outflow reached Dh56.5m.
The value of stocks bought by institutional investors during this month reached Dh843.3m comprising 27 per cent of the total value of shares traded. The value of shares sold by institutional investors during the same period reached Dh903.5m which constitutes 28.9 per cent of the total value traded. DFM net institutional investment outflow amounted Dh60.2m.