2024-01-21 22:03:54
The appetite of non-Arab foreign investors in Dubai Financial Market shares has strengthened since the beginning of this year, thanks to the various opportunities and promising investment options, recording a net investment of about 368.3 million dirhams as a result of purchases, after achieving purchases worth 1.5 billion dirhams against sales worth 1.14 billion dirhams.
Preemptive purchases of shares of leading companies played a major role in the rise in the Dubai market index since the beginning of the year by 0.54%, recording a level of 4081.71 points, at the end of last week’s trading, as investors raced to seize opportunities and benefit from the diversity of investment options.
93.8 thousand transactions
The total volume of liquidity in the Dubai Financial Market has increased since the beginning of this January, to 4.46 billion dirhams, and the traded quantities of shares recorded 1.93 billion shares, and this came through the implementation of 93 thousand and 876 transactions. Arab investors tended to buy in the Dubai market, with a net investment of 17.2 million dirhams during 14 sessions, after achieving purchases worth 303.65 million dirhams, compared to sales of about 286.44 million dirhams.
Liquidity orientation
Trading focused on a number of stocks that captured investors’ confidence and topped their choices, and included “Emaar Properties” at about 918.3 million dirhams during 14 sessions, closing at 7.60 dirhams, at the end of last Friday’s session, followed by “Emirates NBD”, with a total liquidity of 507.3 million dirhams, and rose by 0.87% to the level of 17.45 dirhams. In third place came “Dubai Islamic”, attracting liquidity worth 349.8 million dirhams, and rose by 1.4% to the level of 5.80 dirhams.
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