Foreigners acquired 31% of UAE trading in June

Non-Arab foreigners accounted for approximately 31% of the total trading in the UAE capital markets during the month of June 2020.

According to the Emirates News Agency, the value of transactions of non-Arabs foreigners amounted to about 6.3 billion dirhams, both buying and selling, according to the monthly monitoring of transactions in the Abu Dhabi and Dubai financial markets. p>

The total trading in the financial markets during the month of June reached about 20.3 billion dirhams buying and selling, of which 12.47 billion dirhams in the Dubai Financial Market and 7.83 billion dirhams in the Abu Dhabi market For securities.

It is clear from follow-up that the behavior of foreign investors tended to buy in the Dubai Financial Market during the month of June, when their net trading amounted to about 188 million dirhams, while the trend of selling prevailed On their behavior in the Abu Dhabi Securities Market, at a value of approximately 300 million dirhams.

Foreign investments of non-Arabs have witnessed an increase in the pace of their flow during the past two months, with the support of the inclusion of some Emirati shares in international indicators, which means that they have become a target for international investment portfolios. .

In detail, on the level of movement of non-Arab foreigners trading in the markets during the month of June of this year, the value of their purchases on the Abu Dhabi Stock Exchange reached approximately 1.5 billion dirhams in When the value of their sales in the same month reached approximately 1.8 billion dirhams.

Thus, the total trading value of this segment of investors reached 3.3 billion dirhams, constituting 42% of the total trading recorded in the market during the month of June.

As for the Dubai Financial Market, the value of purchases of non-Arabs in the month of June amounted to approximately 1.6 billion dirhams, compared to sales of 1.41 billion dirhams.

Foreigners ’trading in the Dubai Financial Market accounted for 24.1% of the total transactions recorded in the monitoring period.