Dubai: Net institutional investments in July reached Dh254.5 million on the Abu Dhabi Securities Exchange, while net foreign investment during the same month stood around Dh26 million, official figures show.
Foreign investors’ purchases in July 2017 reached Dh1.391 billion, representing 42.5 per cent of total buy trades.
Sales by foreign investors were at Dh1.365 billion, representing 41.7 per cent of total sell trades, the ADX said in an emailed statement.
The ADX general index increased by 3.18 per cent to 4,566 points in July.
The telecommunications sector scored the highest increase with 8.38 per cent, followed by investment and financial services at 6.29 per cent, real-estate at 2.95 per cent and services at 1.5 per cent.
The banking sector rose by 1.26 per cent, while the energy sector at increased by 0.69 per cent.
Meanwhile the industry sector dropped by 1.63 per cent, followed by the consumer staples sector at 1 per cent, and insurance sector at 0.48 per cent.
The domestic market capitalisation of companies listed on ADX increased by 3.61 per cent at Dh441.245 billion compared with Dh425.862 billion in June 2017.
Trading value in ADX reached Dh3.275 billion, while the trading volume stood at 1.795 billion shares, and the number of trades reached 23,628.
The average daily trading value in July reached Dh148 million, and the number of trading days stood at 22 against 18 in June. 54 companies were traded on in ADX during the month of July.
First Abu Dhabi Bank shares were the most active in July with trades equivalent to Dh917 million, representing 28.3 per cent of total trades, followed by Dana Gas with Dh460 million or 14.2 per cent and Al Dar Properties at Dh339 million (10.5 per cent).
Other highly active counters were Etisalat at Dh337 million (10.4 per cent) and Eshraq Properties at Dh278 million (8.6 per cent).
Another Dh911 million was accounted for by the rest of shares (28.1 per cent).
