Net investments of foreigners in stocks in the UAE financial markets amounted to 146.675 million dirhams, equivalent to 39.938 million dollars in purchase proceeds, at the end of last week’s trading.

According to data from the UAE financial markets, foreign investors carried out purchasing operations in Dubai and Abu Dhabi shares worth 1.585 billion dirhams, compared to sales amounting to 1.439 billion dirhams, with a net purchase of 146.675 million dirhams.

Abu Dhabi Securities Market

The value of foreign purchases of shares during the past week on the Abu Dhabi Stock Exchange amounted to about 891.796 million dirhams, compared to sales amounting to 824.616 million dirhams, with a net purchase of 67.180 million dirhams.

On the other hand, Arab investors tended to sell with a net investment of 13.842 million dirhams, as the value of Arab purchases amounted to about 145.332 million dirhams, compared to sales of about 159.174 million dirhams.

Citizens of the Gulf Cooperation Council countries also tended to sell, with a net investment of 30.267 million dirhams, and sales by citizens of the Gulf Cooperation Council countries amounted to 100.729 million dirhams, compared to purchases worth 70.462 million dirhams.

Sales by UAE citizens amounted to about 2.913 billion dirhams, compared to purchases worth 2.890 billion dirhams, with a net sale of 22.709 million dirhams.

Dubai Financial Market

The Dubai Stock Exchange witnessed foreign purchases of shares worth 694.024 million dirhams, compared to sales of about 614.529 million dirhams, with a net purchase of 79.495 million dirhams.

Arab investors tended to buy at a value of 45,583 million dirhams, compared to sales worth 60,292 million dirhams, with a net sale of 14,708 million dirhams.

Purchases by citizens of the Gulf Cooperation Council countries amounted to 96.925 million dirhams, compared to sales transactions of about 220.154 million dirhams, with a net sale of 123.228 million dirhams.

UAE investors tended to sell at a value of 682.632 million dirhams, compared to purchases worth 603.136 million dirhams, with a net sale of 79.495 million dirhams.

UAE financial market indices declined at the end of last week's trading, amid rising market expectations regarding the imminent date of reducing US interest rates.

Taking into account data from the UAE financial markets, the losses of the Dubai Financial Market amounted to 805 million dirhams, while the Abu Dhabi Securities Market incurred losses amounting to 39 billion dirhams, with a total loss amounting to 39.805 billion dirhams.

UAE financial market indices rose at the end of last November after witnessing a decline last October, amid escalating geopolitical events in the Middle East region.

According to data from the UAE financial markets, the gains of the Dubai Financial Market amounted to about 22.386 billion dirhams, while the Abu Dhabi Securities Market gained 100 billion dirhams, with a total gain of 122.386 billion dirhams.

Foreign investments recorded 774.8 million dirhams in purchase proceeds, including 181.6 million in Abu Dhabi, and 593.2 million in Dubai.

The shares attracted monthly liquidity of 29.8 billion dirhams, including 22.5 billion dirhams in the Abu Dhabi market, and the traded quantities of shares were 6.96 billion shares.

It was distributed by 2.66 billion shares in Dubai, and 4.3 billion shares in Abu Dhabi, and this came through the implementation of 425.5 thousand transactions.

The performance of the UAE financial markets varied at the end of the first ten months of the current year, the period from January to October 2023, with the Dubai Financial Market rising, while the Abu Dhabi Securities Market declined, coinciding with the continued escalation of the geopolitical situation in the Middle East region.

The net investments of foreigners in stocks in the UAE financial markets during the first 10 months of the current year, which extends from January to October 2023, amounted to 2.229 billion dirhams ($607.167 million) as a result of the sale.