Business | Markets

Foreigners buy $105m worth of Dubai shares

Dubai Financial Market, the only Gulf stock exchange to sell shares to the public, said foreigners were net buyers of Dh386 million ($105 million) worth of shares on the bourse in the week to May 8.

  • Bloomberg
  • Published: 23:37 May 10, 2008
  • Gulf News

Dubai: Dubai Financial Market, the only Gulf stock exchange to sell shares to the public, said foreigners were net buyers of Dh386 million ($105 million) worth of shares on the bourse in the week to May 8.

Non-citizens of the United Arab Emirates purchased Dh2.47 billion worth of shares on the exchange, accounting for some 29 per cent of the total value of stocks traded, the market said in an e-mailed statement yesterday.

Foreigners also sold shares worth Dh2.084 billion.

The Dubai Financial Market General Index rose 0.3 per cent in the past week to close at 5,829.88.

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