AED 273.5 million net purchases by foreigners in Abu Dhabi Financial Market during the week

Foreign investors tended to buy in the Abu Dhabi Securities Market during last week’s trading with a net investment of AED 273.5 million as a result of buying, and Gulf investors also tended to buy with a net investment of AED 114.9 million as a result of buying.

According to data from the Abu Dhabi Stock Exchange, in contrast, Arab investors tended to sell with a net investment of AED 27.25 million as a result of sales, and national investors also tended to liquidate with a net investment of AED 359.6 million as a result of sales.

In the Dubai Financial Market, during the past week, national and Gulf investors headed towards buying with a net investment of 92.27 million dirhams, of which 76.8 million dirhams were the result of buying by nationals, and 15.46 million dirhams were the result of buying by Gulf citizens.

In contrast, Arab and foreign investors tended to sell with a net investment of 92.27 million dirhams as a result of sales, of which 50.7 million dirhams were the result of foreign sales, and 41.5 million dirhams were the result of Arab sales.

The performance of investment portfolios varied during the week, as they tended towards buying in the Dubai market with a net investment of 194.35 million dirhams as a result of buying, while they tended towards liquidation in Abu Dhabi with a net investment of 58 million dirhams as a result of selling.

In contrast, individual investors tended to buy in Abu Dhabi with a net investment of AED 58 million as a result of buying, while they tended to liquidate in Dubai with a net investment of AED 194.35 million as a result of selling.

UAE stocks extended gains for the third week in a row, with the Dubai Financial Market index rising 1.8% to 4,180.97 points, while the Abu Dhabi Securities Exchange rose 1% to 9,233.68 points.

Shuaa Capital shares soared by 68.7% during the week to AED 0.221, after it resumed trading on the Dubai market on July 16, after the company announced its financial results for the first quarter of 2024.

This came with good activity in banking stocks, especially Emirates NBD, which rose by 4.15% in a week, coinciding with the bank’s profits growing by 12% to 13.8 billion dirhams in the first half of 2024. Ajman Bank also rose by 3.3% after its profits rose by 111% to 216 million dirhams in the first half as well.