Dubai: Foreign investors buy value of shares in May 2017 reached Dh2.282 billion, representing 60.9 per cent of total trades conducted on the Exchange during that month, whereas their sell value stood at Dh2.077 billion, representing 55.4 per cent of total trades.
Subsequently, the net foreign investment in May reached Dh204 million. The institutional investment in May have reached Dh389 million, the bourse said in an emailed statement.
ADX general index in May declined by 2.11 per cent to 4,427 points. The services sector scored the highest growth rate at 8.29 per cent, followed by industry sector at 2.73 per cent. Meanwhile the consumer staples sector dropped by 8.09 per cent, followed by investment and financial services sector by 6.05 per cent; energy sector by 4.31 per cent; banking sector by 3.10 per cent; telecommunications sector by 1.43 per cent; insurance sector by 0.49 per cent, and real-estate sector by 0.12 per cent.
The market capitalisation of domestic companies listed on ADX dropped by 1.61 per cent to reach Dh426.864 billion compared with Dh433.830 billion in April. Value of traded shares in ADX reached Dh3.745 billion compared with Dh3.322 billion in April.
Average traded value
The volume of traded shares stood at 1.719 billion shares compared with 1.618 in April. Number of deals reached 23510 compared with 25319 in April. The average daily traded value in May reached Dh162 million. The number of trading days stood at 23 against 20 in April. 57 companies were traded on ADX in May.
First Abu Dhabi Bank shares were the most active in May with trades equivalent to Dh775.2 million, representing 21.4 per cent of total trades, followed by etisalat (Dh534 million or 14.7 per cent); Al-Dar Properties at Dh450 million (12.4 per cent); Eshraq Properties at Dh449 million (12.4 per cent); Abu Dhabi Commercial Bank at Dh405 million (11.2 per cent), and around Dh1.009 billion for the rest of companies shares (27.9 per cent).
