9.76 billion dirhams have liquidity from the Gulf in the UAE market since the beginning of the year

The UAE capital markets recorded a circulation of liquidity for Gulf investors, worth 9.76 billion dirhams, both selling and buying from the beginning of the year 2020 until the date of this August 24.

According to the Emirates News Agency, this value constitutes 7.2% of the total value of trades registered in the markets, according to statistics issued by the Abu Dhabi and Dubai Financial Market.

The large trading volume of Gulf investors reflects the extent of confidence in the local capital markets, which has become the preferred destination for all foreign investors, whether they are institutions or individuals during the past years.

Fahad Al Qasim, Executive Director of the Investment Bank of Emirates NBD, said that the great turnout of Gulf investors and foreign investors in general to invest in the UAE financial markets is expected, especially with the availability of many One of the attractions of these markets compared to other markets in the region.

He explained in a special statement to the Emirates News Agency, WAM, that the large percentage of returns that the investor gets in the financial markets in the medium and long term is one of the main attractions that it enjoys, The majority of companies maintain a clear strategy in the proportions of dividends to shareholders, whether periodically or annually, expressing his belief that the remainder of this year will witness more liquidity injections of Gulf nationals and the rest of foreigners into the local market.

He added that the surplus liquidity currently present in the global markets will support these flows, especially since the yield in our markets is higher than other markets.

And by returning to the details of the Gulf’s trading movement since the beginning of this year until the date of August 24, it reached in the Dubai Financial Market about 6.76 billion dirhams, both buying and selling, according to the numbers documented by the market.

Gulf’s trades constitute about 17.2% of the total trades of foreigners of all categories in the Dubai Financial Market, amounting to 39.35 billion dirhams, both selling and buying from the beginning of this year until the end of this August 24.

As for the Abu Dhabi Securities Exchange, the value of Gulf investors' trades amounted to about 3 billion dirhams, buying and selling, and constitutes 11.3% of the total trades of foreign investors of various categories according to Figures released by the market.

(Amazon fun knowledge)