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Dubai AED1.34bn shares sold

DUBAI / WAM

Foreign investors purchased AED 1.34 billion worth of shares on Dubai Financial Market (DFM) and sold AED 1.33 billion over the week, DFM said on Thursday.
Net foreign investment on the market reached AED 5.2 million, as aggregate buy. Value of shares bought by foreigner investors comprised 42.2 per cent of the total value of stocks traded during the last five days, while value of stocks sold by foreign investors during the same period represented 42.1 per cent of stocks traded during the period, a DFM press release said on the market activities for the current week. The value of stocks bought by institutional investors reached AED 583.8 million comprising 18.3 per cent of the total value of stocks traded. The value of stocks sold by institutional investors during the period reached AED 497.8 million which constitutes 15.6 per cent of the total value of stocks traded during the three-day trading period.

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