UAE banks’ investments in bonds, stocks rise in November

UAE banks’ investments in debt securities increased

  
United Arab Emirates Dirham.Image used for illustrative purpose.

United Arab Emirates Dirham.Image used for illustrative purpose.

Getty Images

Abu Dhabi – Mubasher: Total investments of Emirati banks in bonds and stocks soared by AED 6.1 billion or 1.4% on a month-on-month (MoM) basis in November 2020 to reach AED 454.2 billion, according to data from the Central Bank of the UAE (CBUAE).

This is compared to AED 448.1 billion in October 2020.

The UAE banks’ investments in debt securities increased by AED 3.5 billion on a monthly basis in November, standing at AED 284.9 billion.

Likewise, banks’ investments in stocks jumped by AED 300 million in November when compared to the previous month.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Currencies