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Foreigners purchase Dh3.5b shares on DFM
DUBAI — Foreign investors bought Dh3.527 billion worth of shares and bonds at the Dubai Financial Market (DFM) last week, representing 28.4 per cent of the total value of stocks traded on November 18-22.
DFM said in a statement that the same investors sold stocks amounting to Dh3.474 billion, or 27.9 per cent of the total traded stocks worth Dh12.434 billion last week.
"Net foreign investment on the market reached Dh53.1 million during the same period, as aggregate buy," it added. It said that institutional investors bought Dh2.912 billion or 23.4 per cent of the total, and sold Dh2.856 billion or 22.9 per cent of the value of stocks traded during the period. It added that institutional investment reached Dh56.1 million.
A public institution having its own independent corporate body, DFM began its operations in March 2000. It is a secondary market for trading of securities issued by public shareholding companies, bonds issued by the Federal Government, investment fund units and other local or foreign financial instruments.
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