Foreign, corporate investments at UAE stocks surge to AED613mn

Abu Dhabi / WAM

Net foreign and corporate investments at UAE stock markets surged to AED 613 million during April 2017 despite the relative volatility of some stocks over the past four weeks.
The increasing liquidity is attributable to the hike in foreign purchases, specially by non-Arabs, which hit AED 4.813 billion in April, with sales for the same period stood at AED 4.413 billion, generating AED 200 million in net investments.
The largest share of foreign liquidity was channeled to Dubai Financial Market at AED 400 million, of which, AED 240 million were in foreign purchases.
The first week of April was the most active, with foreign purchases valued at AED 916.83 million, accounting for 50.46 percent of total purchases. Foreign sales for the same period amounted to AED 764.24 million, or 42.07 percent of total sales, generating AED 152.58 million worth of net investments.
In the same week, foreign companies purchased stocks worth AED 636.83 million, accounting for 35.05 percent of total trading. Foreign corporations sold AED 577.02 million worth of stocks, 31.76 percent of total trading, generating AED 59.81 million in net corporate investments.
In the second week of the month, net foreign and corporate investments at DFM reached AED 41.5 million in purchases, 45.89 percent of which by foreigners.

Dual-listed stocks top performers

Abu Dhabi / WAM

UAE stock markets were calm on the last day of April with some shares closing slightly up. A number of brokerage companies have opted for clearing the short positions of their clients with the objective of settling their monthly financial statements before referring them to the Securities and Commodities Authority.
While a number of leaders closed in green at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (FDA), the largest portion of liquidity on Sunday went for stocks of dual-listed companies, primarily GFH Financial Group whose share rose by 5.6 percent to AED 2.44.