Net investments of foreigners in stocks in the UAE financial markets reached a value of 230.840 million dirhams ($62.37 million) as proceeds of sale, 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 2.084 billion dirhams, compared to sales amounting to 2.315 billion dirhams, with a net sale of 230.840 million dirhams.
Abu Dhabi Securities Market
The value of foreigners' purchases of shares during the past week on the Abu Dhabi Stock Exchange amounted to about 1.031 billion dirhams, compared to sales amounting to 1.052 billion dirhams, with a net sale of 21.510 million dirhams.
Arab investors tended to sell with a net investment of 27,049 million dirhams, as the value of Arab purchases amounted to about 133,950 million dirhams, compared to sales of about 160,999 million dirhams.
While citizens of the Gulf Cooperation Council countries tended towards purchasing with a net investment of 72,423 million dirhams, purchases by citizens of the Gulf Cooperation Council countries amounted to 182,346 million dirhams, compared to sales transactions worth 109,923 million dirhams.
Sales by UAE citizens amounted to about 3.586 billion dirhams, compared to purchases worth 3.562 billion dirhams, with a net sale of 23.862 million dirhams.
Dubai Financial Market
The Dubai Stock Exchange witnessed foreign purchases of shares worth 1.053 billion dirhams, compared to sales of about 1.262 billion dirhams, with a net sale of 209.329 million dirhams.
Arab investors tended to sell with a net investment of 1,681 million dirhams, and Arab purchases amounted to 156,294 million dirhams, compared to sales operations worth 157,975 million dirhams.
Purchases by citizens of the Gulf Cooperation Council countries amounted to 175.685 million dirhams, compared to sales transactions of about 148.402 million dirhams, with a net purchase of 27.282 million dirhams.
UAE investors made purchases worth 1.279 billion dirhams, compared to sales worth 1.070 billion dirhams, with a net purchase amounting to 209.329 million dirhams.
UAE financial market indices closed sharply lower at the end of last week’s trading, coinciding with the escalation of geopolitical events in the Middle East and the ignition of war in Palestine, in addition to statements by Federal Reserve Chairman Jerome Powell that there may be a need to raise interest rates in the future.
According to UAE financial market data, the Dubai Financial Market recorded losses last week estimated at approximately 34.121 billion dirhams, and the Abu Dhabi Securities Market recorded losses of approximately 63.03 billion dirhams.
