Foreign investments up to AED 269 mln last week

DUBAI, Aug 2 (KUNA) -- Dubai Financial Market (DFM) said on Saturday the net value of shares bought by foreign investors last week amounted to AED 269.

2 million.

The total value of foreign-owned shares last week hit 723 million Arab Emirate dirhams (AED) or USD 197 million.

The figure marks a 33.6 increase in contrast to the figures of the period between July 27 and 30, according to the weekly report of the stock market.

Meanwhile, the report said the value of foreign equity sales hit AED 992.2 million, accounting for 46.1 percent of the total sales of DFM-listed shares last week.

Therefore, the net value of FDI ran to AED 269.2 million, it reaffirmed.

The value of shares owned by institutional investors during that period stood at AED 695.9 million, accounting for 32.3 percent of the value of the total transactions.

The value of shares sold by institutional investors hit AED 1,041 million to account for 48.4 percent of the total transactions.

The value of the net investments by institutional investors ran to AED 344.7 million, the report added.