Analysts attributed the rise to a significant rally in non-Arab investments.
ABU DHABI, 17th July, 2017 (WAM) -- The market capitlisation of foreign investments at UAE equity markets grew by 2.3 percent to AED99.1 billion by the end of June from AED96.9 billion in May, in a several-month high since the beginning of the year, according to industry figures.
Analysts attributed the rise to a significant rally in non-Arab investments whose market value amounted to AED68.4 billion, a growth of 3.7 percent over the May value of AED65.9 billion. At Dubai Financial Market
, the market value of non-Arab investments reached AED38.2 billion and to AED30.2 billion at Abu Dhabi Securities Exchange
. The value of shares owned by Gulf investors hit AED24.2 billion by the end of June AED13.7 billion of which at DFM
and AED10.5 billion at ADX
, while Arab investors-owned shares in the same month were valued at AED6.5 billion, AED2.3 billion of which at ADX
and AED4.2 billion at DFM
. It's noteworthy that a large segment of banking and property shares in addition to some low-value stocks saw a bullish trend during June ratcheting up the market value gains for both foreign and local investors alike.
© Copyright Emirates News Agency (WAM) 2017.