Sunday, Jul 16, 2017
Foreign investors’ purchases in June 2017 reached Dh2.114 billion, representing 55.4 per cent of total buy trades, whereas their sales stood at Dh1.871 billion, representing 49.1 per cent of total sell trades.
Subsequently, the net foreign investment in ADX during the month of June reached Dh243 million. Whereas institutional investments in June have reached Dh151 million.
ADX general index in June dropped by 0.04 per cent to reach 4,425. The energy sector scored the highest growth rate at 37.12 per cent, followed by real-estate sector at 0.85 per cent; telecommunications sector at 0.58 per cent, and insurance sector at 0.27 per cent.
Meanwhile the services sector dropped by 3.37 per cent, followed by consumer staples sector at 1.76 per cent, banking sector by 1.27 per cent, investment and financial services sector by 1.01 per cent, and industry sector by 0.61 per cent.
The market capitalisation of domestic companies listed on ADX dropped by 0.23 per cent at Dh425.862 billion compared with Dh426.864 billion in May 2017.
Trading value in ADX reached Dh3.809 billion compared with Dh3.745 billion in May. While trading volume stood at 3.120 billion shares compared with 1.719 in May, and number of deals reached 31418 compared with 23519 in May.
The average daily trading value in June reached Dh211 million compared with Dh162 million in May. The number of trading days stood at 18 against 23 in January. 53 companies were traded in ADX in June.
Dana Gas shares were the most active in June with trades equivalent to Dh1.111 billion, representing 29.7 per cent of total trades.
Gulf News 2017. All rights reserved.