The net purchase of foreigners from shares in the UAE financial markets during the first week of July 2023 amounted to a value of 287 million dirhams, equivalent to 78 million dollars.
After examining the market data, it becomes clear to us that foreign investors carried out purchases on Dubai and Abu Dhabi shares with a value that exceeded 2.624 billion dirhams, or about $715 million, compared to sales amounting to 2.337 million dirhams, equivalent to $637 million, with a net purchase of 287 million dirhams.
Abu Dhabi Securities Market
The value of foreign purchases of stocks during the past week on the Abu Dhabi Stock Exchange amounted to about 1.139 billion dirhams, compared to sales amounting to 1.077 billion dirhams, with a net purchase of 62 million dirhams.
nationalities
Arab, Gulf and foreign investors tended to buy with a net investment of 277.854 million dirhams, distributed at 35.060 million dirhams for Arabs, 180.503 million dirhams for the Gulf, and 62.291 million dirhams for foreign investors.
Foreign investors carried out a net sale amounting to 277.856 million dirhams.
Dubai Financial Market
The Dubai Stock Exchange witnessed foreign purchases of shares worth 1.485 billion dirhams, compared to sales of about 1.260 billion dirhams, with a net purchase of 225.592 million dirhams.
nationalities
Arab investors and Emirati citizens tended to sell with a net investment of 265.002 million dirhams, distributed as 39.410 million dirhams for Arabs, and 225.592 million dirhams for citizens of the UAE.
While Gulf and foreign investors tended to buy with a net investment amounting to 265.002 million dirhams, it was distributed to Gulf investors by about 40.342 million dirhams, and by 224.660 million dirhams for foreign investors.
Perform week sessions
The Dubai market index jumped during a week by 4.49 percent to the level of 3962.42 points, supported by the gains of real estate, banking, industry and utilities stocks.
The Abu Dhabi Securities Market index recorded a weekly increase of 0.5 percent at the level of 9604.15 points, supported by stock gains in the financial, real estate, energy and industry sectors.
May sessions performance
The UAE financial market indices varied during the end of trading in May 2023, with the Dubai market index ending its transactions higher with the support of real estate stocks, while the Abu Dhabi market index decreased due to the pressure of real estate, money and telecom stocks.
The Abu Dhabi Stock Exchange recorded market losses of 113 billion dirhams, equivalent to 30.8 billion dollars.
April sessions performance
UAE financial market indices recorded remarkable increases during the end of trading in the fourth month (April) of 2023, amid the issuance of some economic data contrary to expectations, and prediction of variable calculations of federal interest pricing at the next meeting.
The Dubai Financial Market recorded gains of about 26.36 million dirhams, and the Abu Dhabi Stock Exchange achieved 50 billion dirhams, with a total profit of 76.36 billion dirhams, equivalent to 20.8 billion dollars.
It is noteworthy that the UAE financial market indices jumped during the year 2022 amid the invasion launched by Russia on Ukraine, in addition to the Federal Reserve’s decisions to raise the interest rate since mid-March.
The Dubai Financial Market recorded market gains amounting to 170.715 billion dirhams, and the Abu Dhabi Stock Exchange achieved market profits amounting to 984 billion dirhams, with a total gain of 1.154 trillion dirhams, equivalent to 314 billion dollars.
