The Dubai Financial Market General Index up 11.9% to 4220.5 points at the end of February compared to 3770.4 points at the end of January. At the sectoral level, indices of four out of the nine sectors represented on DFM ended the month in the green, with the Financial & Investment services sector increasing the most by 27.5%, followed by the Real Estate and the Banking sectors by 13.7%, and 10.3% respectively. The Consumer Staples, Telecommunication, Insurance and Services sectors decreased by 9.9%, 6% and 2.6% and 1.7% respectively.
The market capitalization increased at the end of this month by 11.5% to reach AED 313.3 billion compared to AED 281 billion at the end of January. The value of shares traded reached during this month AED 41.7 billion, compared to AED 36.5 billion recorded during January, up by 14.4%. The number of transactions executed during February increased by 1.1% to reach 233.8 thousands compared to 231.3 thousand deals carried out during the previous month. The number of shares traded decreased by 8.9% to reach 20.8 billion shares during this month compared to 22.8 billion shares were traded during January.
As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach AED 19.6 billion, or 47.1% of the total traded value in the market. The Banking sector ranked second at AED 9.6 billion or 23%, followed by the Financial & Investment services sector with AED 8.6 billion or 20.5%, the Transportation sector with AED 2.2 billion or 5.4%, the Insurance sector with AED 626 million or 1.5%, the Telecommunication sector with AED 607.2 million or 1.4%, the Services sector with AED 463.8 million or 1.1%.
The value of stocks bought by foreign investors during this month reached AED 16.8 billion comprising 40.2% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 16.9 billion comprising 40.5% of the total value traded. Accordingly, DFM net foreign investment out-flow reached AED 164.4 million.
Trading activity by nationality (February 2014) |
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|
Value of Stocks Bought - AED |
Value of Stocks Sold - AED |
Net Investment AED |
Arab |
8,559,298,641 |
8,275,302,988 |
283,995,653 |
GCC |
3,851,742,168 |
4,341,273,703 |
(489,531,535) |
Others |
4,339,386,232 |
4,298,224,067 |
41,162,164 |
Total Non UAE |
16,750,427,040 |
16,914,800,757 |
(164,373,717) |
UAE |
24,968,315,783 |
24,803,942,066 |
164,373,717 |
Grand total |
41,718,742,824 |
41,718,742,824 |
|
On the other hand, The value of stocks bought by institutional investors during this month reached AED 10.7 billion comprising 25.7% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 11.7 billion which constitutes 28% of the total value traded. DFM net institutional investment out-flow amounted to AED 925.1 million.
Trading activity by client type (February 2014) |
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|
Value of Stocks Bought - AED |
Value of Stocks Sold - AED |
Net Investment AED |
Institutional |
10,735,774,896 |
11,660,843,145 |
(925,068,249) |
Individuals |
30,982,967,928 |
30,057,899,679 |
925,068,249 |
Total |
41,718,742,824 |
41,718,742,824 |