Dubai: The Dubai Financial Market index gained by 10.2 per cent to 1,803.58 at the end of last year compared to 1,636.29 at the end of 2008.
The market capitalisation decreased in 2009 by 8.4 per cent to Dh213.4 billion compared to Dh232.9 billion at the end of 2008, due primarily to a decrease of market capitalisation of non-UAE companies listed on the DFM, but are not included in the Dubai Financial Market Index, the DFM said in a statement on Sunday.
The value of shares traded in 2009 was Dh173.5 billion, down 43.2 per cent from the Dh305.2 billion of 2008.
The number of shares traded increased by 44.7 per cent to 110.7 billion compared with 76.5 billion shares in 2008.
Transactions
The number of transactions in 2009 decreased by 6.9 per cent to 1.984 million compared with 2.131 million deals carried out the year before.
In terms of sectoral contributions to trading volumes, the real estate and construction sector ranked top in terms of the value of traded shares to Dh100.2 billion, or 57.7 per cent of the total value of shares traded in the market.
Investment and financial services ranked second with Dh32 billion, followed by the transportation sector with Dh16.6 billion.
The banking sector grossed Dh12.7 billion while the insurance sector accounted for Dh7.2 billion.
The value of stocks bought by institutional investors last year reached Dh35.708 billion, comprising 20.6 per cent of the value of stocks traded.
The value of stocks sold by institutional investors during the same period reached Dh35.531 billion, 20.5 per cent of the value of stocks traded.
Net institutional investment on the market reached Dh177.4 million during the period while the net foreign investment on the market reached Dh1.407 billion during the same period.
