São Paulo – The net inflow of foreign investment reached AED 142 million at the Dubai Financial Market (DFM), Dubai’s stock market, this week. At the current exchange rate, it amounts to USD 38.6 million. The information was published by the Emirates News Agency (WAM), the Arab country’s official news agency.
Foreigners bought around AED 1.8 billion (USD 490 million) and sold around AED 1.6 billion (USD 435.5 million) in the period.
Stocks acquired by non-local investors accounted for 46.5% of the total of shares traded in the market in five days, from April 17 to 21. Business days in the UAE go from Sunday to Thursday. Stocks sold by abroad investors accounted for 42.8% of the total traded in these days.
Among the foreign investors, institutional ones bought AED 855.5 million in stocks this week at DFM, around USD 232.7 million, and sold AED 756.4 million in stocks, around USD 205.8 million. The data was released by the DFM itself.
*Translated by Sérgio Kakitani
