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The Dubai Financial Market Shows Increase In Purchases By Foreigners

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Foreigners purchase shares worth AED 756.3 mn on Dubai Financial Market

Dubai, – Foreign investors purchased AED 756.3 million worth of shares on Dubai Financial Market (DFM) from 20th to 23rd December, 2015 and sold AED 740.4 million in the same period, DFM said today in a press release.

Net foreign investment on the market reached AED 16 million, as aggregate buy.

Value of shares bought by foreigner investors comprised 48.9 per cent of the total value of stocks traded during the last five days, while value of stocks sold by foreign investors during the same period represented 47 per cent of stocks traded during the period, a DFM press release said on the market activities over the past four days.

The value of stocks bought by institutional investors reached AED 350.3 million comprising 22.7 per cent of the total value of stocks traded.

The value of stocks sold by institutional investors during the period reached AED 293.4 million which constitutes 19. per cent of the total value of stocks traded during the three-day trading period.

Net institutional investment on the market stood at AED 56.9 million during the period, as aggregate buy.

{Source: Emirates News Agency – WAM/tfaham}
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{Source: wikimedia commons}

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