Foreign investors (non-Arabs) tended to buy in the UAE financial markets during the past week, with a net investment of 384.2 million dirhams as a result of purchases, including 66.5 million in Abu Dhabi and 317.7 million in Dubai.
In the same week, investment portfolios pumped a net investment of 438.7 million dirhams, resulting from purchases, including 250 million in Dubai and 189.14 million in Abu Dhabi.
In contrast, individual investors tended towards liquidation, with a net investment of AED 438.7 million in sales proceeds, distributed as follows: AED 250 million in sales proceeds in Dubai, and AED 189.13 million in sales proceeds in Abu Dhabi.
Regarding trading by nationality in the Abu Dhabi market during the week, Arab, Gulf and foreign investors tended to invest with a net of about 212 million dirhams in purchases, of which 23.8 million dirhams were purchased by Arabs, 121 million dirhams were purchased by Gulf nationals and 66.5 million dirhams were purchased by foreigners. In contrast, Gulf investors tended to liquidate with a net investment of 212 million dirhams in sales.
In Dubai, foreign investors tended towards buying, with a net investment of AED 317.7 million as a result of buying. In contrast, Arabs, Gulf nationals and citizens tended towards liquidation, with a net investment of AED 317.7 million as a result of selling, of which AED 15.77 million was the result of selling by Arabs, AED 19 million was the result of selling by Gulf nationals, and AED 282.8 million was the result of selling by citizens.
The Abu Dhabi and Dubai financial markets soared to their highest levels in about 4 months, with the former rising by 0.9% weekly to 9,317.79 points, while the latter rose by 2.37% to 4,280.34 points.
The optimistic outlook led UAE stocks to new price levels during the past week, due to the strong results of listed companies, which increased the appetite of foreign investors, as well as investment portfolios that rebuilt purchasing positions in the stocks of major companies.
