São Paulo – Non-local investors accounted for 40.4% of purchases at the Abu Dhabi Securities Exchange (ADX), at USD 850 million. Emirates New Agency (WAM) reported that foreign investors’ sell trades hit USD 740 million, or 32.5% of total sells.
That led to a USD 110 million net foreign inflow last month at the exchange in the UAE.
ADX’s general index was up slightly by 0.3% in January from December, to 4,548 points.
Investment and financial services increased the most at 18%, followed by insurance at 15%, industry at 4.4%, consumer staples at 2.1%, banks at 1.1% and real estate at 1%. Telecommunications dropped by 4.8%, followed by energy, which was down 0.78%, and services, down 0.4%.
ADX listed companies saw a 1.2% drop in market value to USD 120 billion. Total traded stocks reached USD 2.1 billion, up from USD 915 million in December, and 5.8 billion shares, up from 2.1 billion.
Average daily trading was USD 95.8 million in January, which had 22 trading days, up 87% from USD 51 million in December, with 19 trading days. A total of 57 companies had their shares traded in the ADX in January.
*Translated by Gabriel Pomerancblum
