Dh613m in net foreign, corporate investments at UAE stocks during April

ABU DHABI

Net foreign and corporate investments at UAE stock markets surged to Dh613 million during April 2017 despite the relative volatility of some stocks over the past four weeks.

The increasing liquidity is attributable to the hike in foreign purchases, specially by non-Arabs, which hit Dh 4.813 billion in April, with sales for the same period stood at Dh4.413 billion, generating Dh200 million in net investments.

The largest share of foreign liquidity was channelled to Dubai Financial Market at Dh400 million, of which, Dh 240 million were in foreign purchases.

The first week of April was the most active, with foreign purchases valued at Dh916.83 million, accounting for 50.46 percent of total purchases. Foreign sales for the same period amounted to Dh764.24 million, or 42.07 percent of total sales, generating Dh152.58 million worth of net investments.

In the same week, foreign companies purchased stocks worth Dh636.83 million, accounting for 35.05 per cent of total trading. Foreign corporations sold Dh577.02 million worth of stocks, 31.76 per cent of total trading, generating Dh59.81 million in net corporate investments.

In the second week of the month, net foreign and corporate investments at DFM reached Dh41.5 million in purchases, 45.89 per cent of which by foreigners. Foreign sales were valued at Dh644.30 million, making up to 43.44 per cent of total sales, with corporate purchases hitting Dh497.41 million, accounting for 33.53 per cent of total trading. Foreign sales were valued at Dh492.66 million, 33.21 per cent of total trading.

Net foreign and corporate investments over the latter two weeks of April reached Dh147 million, Dh84.8 million of which came in the third week while Dh62.2 million in the last one.