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Non-Arabs account for 31% of total trading volume in UAE equity markets

Wam/Abu Dhabi
Filed on July 1, 2020

(Supplied)

Non-Arab foreigners traded to the tune of Dh6.3 billion of shares in June, or 30 per cent of the total volume of transactions conducted across the Abu Dhabi and Dubai financial markets, according to figures released by the two bourses.

The total trades in the two markets hit Dh20.3 billion in June, Dh12.47 billion of which in Dubai Financial Market, and Dh7.83 billion in Abu Dhabi Securities Exchange.

The statistics confirm more tendency among non-Arab investors to purchase at DFM, while in Abu Dhabi, they tended more to sell shares.

In more detail, their purchases in ADX in June valued about Dh1.5 billion while sales stood at around Dh1.8 billion

In Dubai, they purchased around Dh1.6 billion in shares while their sales stood at Dh1.41 billion, therefore accounting for 24.1 per cent of the total transactions conducted in there last month.

- Wam


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