Dubai:
The market capitalisation of Dubai Financial market (DFM) jumped more than 16 per cent by the end of 2017, the bourse said in a statement.
The market capitalisation increased at the end of last year by 16.7 per cent amounting to Dh394 billion compared to Dh337.6 billion at the end of previous year. However, the value of shares traded during last year fell 13.4 per cent to be at Dh115.1 billion.
The Dubai Financial Market General Index decreased by 4.6 per cent to 3,370 points at the end of last year compared to 3,531 points at the end of 2016.
The value of stocks bought by foreign investors during last year reached Dh50.2 billion comprising 43.5 per cent of the total traded value. The value of stocks sold by foreign investors during the same period reached Dh51.4 billion comprising 44.5 per cent of the total value traded. Accordingly, DFM net foreign investment out-flow reached Dh1.2 billion. On the other hand, the value of stocks bought by institutional investors during last year reached Dh41.3 billion comprising 35.7 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh40.3 billion which constitutes 34.9 per cent of the total value traded. Net institutional investment in-flow amounted Dh967.8 million.
