São Paulo – The United Arab Emirates’ stock exchange, the Dubai Financial Market (DFM), reported this Thursday (17th) that foreign investors bought 941.6 million dirhams (US$ 256.3 million) in stock in this week’s trading days, which amounts to 60.9% of the total value of the buying operations done since last Sunday (13th), according to information by the Emirates News Agency (WAM). Business days in the country go from Sunday to Thursday, with Friday and Saturday being considered the weekend.
The total number of stocks sold by foreigners in the stock Exchange, according to WAM, totaled 841.8 million dirhams (US$ 229.2 million), which amounts to 54.2% of the value of shares sold in the period. Thus, net foreign investment in stocks in the UAE reached 99.8 million dirhams (US$ 27.2 million) in the period.
WAM said also that stocks bought by institutional investors in the last five days totaled 648.4 million dirhams (US$ 176.5 million), or 41.9% of the total.
Stocks sold by financial institutions amounted to 524.7 million dirhams (US$ 142.8 million), or 33.9%. Net investment by the institutions reached 123.7 million dirhams (US$ 33.7 million) in the week.
*Translated by Sérgio Kakitani
