Dubai: Seven out of the nine sectors on the Dubai Financial Market ended in green last year, with the financial and investment services sector increasing the most by 169.2 per cent, followed by the banking, real estate and construction sectors by 120.6 per cent, and 108.2 per cent respectively, according to DFM’s latest report.
The consumer staples sector index ended down by 9.9 per cent while the Insurance sector index down by 7.2 per cent.
On the other hand, the value of stocks bought by institutional investors in 2013 reached Dh38.3 billion comprising 24 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh37.5 billion, which constitutes 23.5 per cent of the total value traded. Net institutional investment inflow into DFM amounted to Dh790.2 million.
The market capitalisation rose by 42.7 per cent to Dh259.6 billion compared to Dh181.9 billion in 2012. The value of shares traded during this year reached Dh159.9 billion, compared to Dh48.6 billion recorded during 2012, an increase by 229.1 per cent. The number of shares traded rose by 214.3 per cent to reach 127.2 billion shares during this year compared to 40.5 billion shares were traded during the last year.
The number of transactions executed during 2013 up by 115.3 per cent to reach 1.3 million compared to 621.4 thousand deals carried out during the previous year.
However, profit taking dragged the Dubai index down for the second straight day on Monday, led by financial and investment shares.
Even though the investor sentiment is strong, the main focuses of traders are on the fourth-quarter earnings results due to be released from next week onwards.
The index fluctuated widely during intra trade and hit a low of 3405.33 and a high of 3471.19 points before closing down by 1.13 per cent to 3428.06 points.
Among the gainers, International Financial Advisors rose 6.4 per cent to Dh1.33, followed by Mashreq Bank by 1.15 per cent to Dh88 and Air Arabia by 0.66 per cent to Dh1.53.
National Industries Group suffered the worst by 10 per cent to Dh4.14, followed by Gulf Navigation by 6.87 per cent to Dh0.393 and Depa by 4.23 per cent to $0.68 (Dh2.50).
Of the 32 companies traded, four rose, 24 fell and four remained steady. About 458.49 million shares worth Dh802.16 million were traded. Gulf Finance House was the active volume leader while Emaar was the active value leader on Dubai bourse.
In 2013, seven out of the nine sectors ended in green, with the financial and investment services sector increasing the most by 169.2 per cent, followed by the banking, real estate and construction sectors by 120.6 per cent, and 108.2 per cent respectively. The consumer staples sector index down by 9.9 per cent, and the Insurance sector index down by 7.2 per cent.
In Abu Dhabi, bank shares lifted the index for the second straight day this week by 1.65 per cent to close at 4456 points. The index has gained for the sixth straight day.
Among the gainers, Fujairah Building Industries rose by 13.33 per cent to Dh1.53, followed by Sharjah Islamic Bank by 11.11 per cent to Dh1.90 and Union Cement by 8.47 per cent to Dh2.05. Insurance House suffered the worst by 8.45 per cent to Dh1.30, followed by Gulf Cement by 7.93 per cent to Dh1.51 and National Marine Dredging by 7.67 per cent to Dh8.31.
Of the 38 companies traded, 15 rose, 20 declined and three closed unchanged. About 509.48 million shares worth Dh1.04 billion were traded. Esharaq was the active value and volume leader.