DFM market capitalisation reaches Dh199b in 2010

Dubai: The Dubai Financial Market (DFM) said, its market capitalisation decreased in 2010 by 6.6 per cent to reach Dh199.1 billion in 2010 compared to Dh213.2 billion at the end of last year.

Its overall performance decreased by 9.6 per cent to reach 1630.5 points the end of this year compared to 1803.6 points at the end of 2009.

The value of shares traded during this year reached Dh69.7  billion, compared to Dh173.5  billion recorded during 2009, a decrease by 59.8 per cent.

Number of shares traded decreased by 65.3 per cent to reach 38.4 billion shares during this year compared to 110.7 billion shares were traded during the previous year.

Number of transactions executed during 2010 decreased by 60 per cent to reach 794.7 thousand  compared to 1.984 million deals carried out during the last year.

In terms of sectoral contribution to trading volumes, the real estate and construction sector ranked first in terms of the value of traded shares, to reach Dh46.9 billion, or 67.3 per cent of the total value of shares traded in the market.

Investment and financial services ranked second at Dh10.5 billion, or 15.1 per cent, followed by the transportation sector to Dh 4.19 billion, or 6 per cent, and the banking sector amounted to Dh4.17 billion, or  5.99 per cent.

The communications sector handled Dh2.5 billion, or 3.6 per cent, and Insurance sector amounted  755.9 million, or 1.1 per cent.

Utilities sector handled Dh665.5 million, or  1 per cent, and the consumer staples and material sectors ranked last to reach Dh 5.2 million and Dh3.1 million respectively.

The value of shares bought by foreign investors during this year reached Dh30.8 billion comprising 44.2 per cent of the total value of stocks traded during the period.

The value of stocks sold by foreign investors during the same period reached Dh30.6 billion comprising 44 per cent of the total value of stocks traded during the period.

Net foreign investment on the market reached Dh180.3 million during the same period, as aggregate buy.

The value of stocks bought by institutional investors during this year reached Dh16 billion comprising 23 per cent of the total value of stocks traded during the period.

The value of stocks sold by institutional investors during the same period reached Dh15.2 billion which constitutes 21.8 per cent of the total value of stocks traded during the period. Net institutional investment on the market reached Dh864.7 million during the period, as aggregate buy.