Dubai: The Dubai Financial Market said that the total number of shares traded on the bourse slipped 65.3 per cent last year from 110.7 billion shares in 2009 to 38.4 billion shares in 2010.
The value of shares traded last year was down 59.8 per cent to Dh69.7 billion, compared to Dh173.5 billion in 2009. Overall the Dubai Financial Market General Index was down 9.6 per cent at 1,630.5 on the last trading day of the year compared to 1,803.6 on the last trading day of 2009.
The year-end statistics from the exchange showed market capitalisation fell in 2010 by 6.6 per cent to Dh199.1 billion compared to Dh213.2 billion at the end of the previous year.
The total number of transactions in 2010 fell by 60 per cent to 794,700 compared to 1.984 million in 2009.
In terms of sectoral contributions to trading volumes, the real estate and construction sector ranked first in terms of the value of shares traded, to Dh46.9 billion, or 67.3 per cent of the total value of shares traded.
Other sectors
Investment and financial services ranked second at Dh10.5 billion, or 15.1 per cent, followed by the transportation sector at Dh4.19 billion, and the banking sector accounted for Dh 4.17 billion, or 5.99 per cent.
The communications sector accounted for Dh2.5 billion or 3.6 per cent and the insurance sector amounted to 755.9 million, or 1.1 per cent of volumes.
The value of shares bought by foreign investors last year reached Dh30.8 billion or 44.2 per cent of the total value of stocks traded during the period.
The value of stocks sold by foreign investors reached Dh30.6 billion comprising 44 per cent of the total value of stocks traded.
Net foreign investment on the market reached Dh180.3 million during the period, as aggregate buy.
The value of stocks bought by institutional investors last year reached Dh16 billion or 23 per cent of the total value of stocks traded.
Nasdaq Dubai trade up
Dubai The value of equities traded on Nasdaq Dubai increased 22 per cent to $1.31 billion (Dh4.8 billion) in 2010, up from $1.07 billion in 2009.
Nasdaq Dubai was the best performing stock exchange in the UAE during the year, measured by percentage change of traded value from 2009.
Regional brokers gained market share of traded value on Nasdaq Dubai from international brokers in 2010. The regional brokers' share more than doubled to 43 per cent from 20 per cent in 2009. "The activity of regional brokers accelerated after July 2010, when Nasdaq Dubai began using the trading platform of the Dubai Financial Market (DFM) for all its equities trades.
"This demonstrates the success of Nasdaq Dubai in building a market that is regional as well as international," Jeff Singer, chief executive of Nasdaq Dubai, said.
Eight regional brokers became members of Nasdaq Dubai in 2010, bringing the total number of members on the exchange to 35.
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