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Abu Dhabi / WAM
Foreign investors’ buy value of shares in ADX amounted to around AED 2.282 billion during May, claiming 60.9 percent of the total value of traded stocks, with foreign sales for the same period valued at AED2.077 billion, accounting for 55.4 percent of total trading, resulting in a net foreign investment value of around AED204 million. As to institutional investment in May, the net investment value by foreigners stood at AED389 million.
In the meantime, ADX General Index edged down 2.11 percent in May to 4,427 points, with two out of the nine sectors listed spiking high, namely the services sector at a growth of 8.29 percent and the industrial sector at 2.73 percent. The consumer staples sector declined by 8.09 percent, investment and financial services by 6.05 percent, energy by 4.31 percent, banking by 3.10 percent, telecommunications by 1.43 percent, insurance by 0.49 percent and finally the property sector by fell 0.12 percent.
The market value of local companies listed by the end of May declined by 1.61 percent to AED426.864 billion from 433.830 in April. Stocks valued at AED3.745 billion were traded in May against AED3.322 in April. A total of 23510 transactions were conducted during May over 1.719 billion shares compared to 25319 transactions in the previous month over 1.618 shares.
Daily trading in May is estimated at AED162mn by 57 companies over 23 days against 20 days in the previous month. First Abu Dhabi Bank was the best performer with trading worth AED775.2mn, claiming 21.4% of the month’s total trading followed by Etisalat with transactions worth AED534 million, accounting for 14.7 percent of the month’s total trading.