Foreign investors buy Dh1.87b of shares in ADX in April

Dubai

Foreign investors’ buy value in April 2017 reached Dh1.87 billion, representing 56.3 per cent of total shares traded, whereas their sales stood at Dh1.66 billion, representing 50.1 per cent of total shares traded.

Subsequently, the net foreign investment in April reached Dh206 million. The institutional investments in April have reached Dh252.4 million.

The general ADX index in April increased by 1.78 per cent to 4,522.6. The energy sector scored the highest growth rate at 8.23 per cent, followed by banking sector at 5.34 per cent, and industry sector at 1.08 per cent.

Meanwhile the telecommunications sectors dropped by 3.32 per cent, followed by consumer staples sector at 3.1 per cent, services sector by 3.09 per cent, insurance sector by 2.59 per cent, real-estate sector by 2.34 per cent, and investment sector by 0.64 per cent.

The market capitalisation of companies listed on ADX increased by 0.98 per cent to reach Dh433.83 billion compared with Dh429.62 billion in March.

Value of shares traded in ADX dropped to reach Dh3.322 billion compared with Dh4.479 billion in March.

The number of shares traded stood at 1.618 billion shares compared with 1.838 in March. Number of deals reached 25,319 compared with 27,537 in March.

The average daily traded volume in April reached Dh166 million compared with Dh203 million in March. The number of trading days stood at 20 against 22 in March. 55 companies traded on ADX in April.

Eshraq Properties shares were the most active in April with trades equivalent to Dh715.8 million, representing 21.8 per cent of total trades, followed by Al Dar Properties at Dh336.7 million; etisalat at Dh285.6 million.