ABU DHABI 9 March 2020: Foreign and local investors purchased and sold to the tune of Dh27.5 billion worth of domestic listed stocks over the first two months of 2020
Of this, Dh14.3bn was traded by foreigners, according to data released by the country’s two main bourses in Abu Dhabi and Dubai.
The upbeat sentiments exhibited over the early months of the year followed the positive financial statements disclosed by the listed companies and the lucrative dividends they announced and which in turn spurred investment in growth stocks, said Wam.
According to the statistics released by the Dubai Financial Market, January and February saw ADh15.8bn in share trades, with foreigners’ investments hitting around Dh8.5bn year-to-date, accounting for 53.8 percent of total transactions, with non-Arabs buying and selling equities worth Dh4.8bn, while Gulf investors’ trades hit Dh2.12bn and Arabs Dh1.58bn.
At ADX, a total of Dh11.7bn worth of transactions were conducted year-to-date, with foreigners’ trades hitting around Dh5.8bn, comprising around 49.5 percent of the total.
Non Arabs invested Dh4.5bn in the capital’s bourse, with Arabs buying and selling shares worth Dh345 million and Gulf investors Dh940 million.
