ABU DHABI: The market capitalisation of foreign investments at UAE equity markets grew by 2.3 per cent to Dh99.1 billion by the end of June from Dh96.9 billion in May, in a several-month high since the beginning of the year, according to industry figures.
Analysts attributed the rise to a significant rally in non-Arab investments whose market value amounted to Dh68.4 billion, a growth of 3.7 per cent over the May value of Dh65.9 billion.
At Dubai Financial Market, the market value of non-Arab investments reached Dh38.2 billion and to Dh30.2 billion at Abu Dhabi Securities Exchange.
The value of shares owned by Gulf investors hit Dh24.2 billion by the end of June Dh13.7 billion of which was at DFM and Dh10.5 billion at ADX, while Arab investor-owned shares in the same month were valued at Dh6.5 billion, Dh2.3 billion of which were at ADX and Dh4.2 billion at DFM.
It’s noteworthy that a large segment of banking and property shares in addition to some low-value stocks saw a bullish trend during June ratcheting up the market value gains for both foreign and local investors alike.
— WAM
