23.1 C
Dubai
Friday, November 8, 2024
spot_img

UAE equities attract AED5.6 billion net institutional investment since start of 2023

[ad_1]

The sharp increase in institutional investment in local equities confirms confidence in the UAE market and its future growth potential, supported by the country’s strong economic fundamentals and the impressive performance of listed companies.

The UAE market is actively pursuing strategies to attract more foreign and institutional investment while diversifying sources of liquidity between domestic and foreign investors as well as institutional and individual players.

Since the start of the year, institutional investment has accounted for about 78% of the total trading volume (both buy and sell) in both markets, while individual investment has accounted for about 22%.

Specifically, institutions invested more than AED 5 billion in ADX, with purchases totaling AED 143.4 billion, while sales were approximately AED 138.4 billion.

In terms of monthly net purchases, institutions had the highest ADX value in February at approximately AED 2.3 billion, followed by approximately AED 100.07 million in January, AED 1.02 billion in March and AED 587.1 million in April Rham, 566 dirhams. AED 7 million in May and AED 416 million in June.

Since the start of the year, DFM has had net institutional investments of AED 613 million, total purchases of AED 22 billion and sales of approximately AED 21.4 billion.

[ad_2]

Source link

Related Articles

UAE Stands in Solidarity: Extends Heartfelt Condolences to Egypt After Military Helicopter Tragedy

 UAE recently demonstrated its unwavering solidarity and deep commitment to regional unity by extending heartfelt condolences to Egypt following a tragic military helicopter accident...

UAE Shines on the Global Stage: 16th Abu Dhabi World Professional Jiu-Jitsu Championship Draws Elite Athletes to Mubadala Arena

UAE recently witnessed a dazzling display of athleticism and global sportsmanship at the 16th Abu Dhabi World Professional Jiu-Jitsu Championship, held at the renowned...

Abu Dhabi Leads Global Health Frontier: Largest-Ever WHO Emergency Medical Teams Meeting Unites 1,300 Experts Worldwide

Abu Dhabi recently marked a milestone in global health by hosting the largest-ever World Health Organization (WHO) Emergency Medical Teams (EMT) meeting. This pivotal gathering...

The Journey of Berrylush: A Story of Passion, Perseverance, and Purpose

In 2018, Berrylush was born from the shared vision of two IIM graduates, AnushaChandrashekar and Alok Paul, who saw a glaring gap in the...

UAE Strengthens Global Alliances: Landmark Diplomatic Engagements with Russia and Singapore Propel Strategic Partnerships

UAE has been actively engaged in high-level diplomatic efforts, further cementing its role as a key player on the global stage. Recently, President Sheikh Mohamed...

Latest Articles