Net non-Arab foreign investment in Dubai jumps by more than 313%
Non-Arab foreign investors continued to inject more liquidity into the Dubai Financial Market (DFM) than the most optimistic analysts expected for the performance of operating companies, as evidenced by its successive announcement of its results at the end of the first quarter of this year.
Dubai Financial Market data showed that the net investments of non-Arab foreigners increased by about 313.46% to approximately AED 613.33 million from the beginning of trading last Monday, the first of May, until the end of trading on Friday, the fifth of the same month, which reflects the great confidence of this segment of investors in the UAE markets.
The net investments of non-Arab foreigners amounted to AED 148.339 million during last week's trading from the beginning of trading on Monday, April 24, until the end of trading on Friday, April 28.
This level of net foreign investment in financial markets is the highest in more than several years, which enhances the chances of attracting more liquidity in the coming months.
In detail, the significant increase in the net investments of this segment of investors in the Dubai Financial Market came as a result of purchases during the week worth approximately AED 928.274 million compared to sales worth about AED 314.940 million.
GCC nationals joined the list of purchases in that period with a net purchase of AED 46.88 million after carrying out purchases worth approximately AED 161.865 million against sales of about AED 114.976 million.
On the other side of the picture, Arab investments tended to sell in the Dubai Financial Market, achieving a net of about 43.24 million dirhams from Monday's session until Friday, as a result of purchases worth 24132 billion dirhams against sales worth 284.561 million dirhams.
It is worth noting that the Dubai Financial Market index during the week's trading recorded an increase of 1.1% to reach the level of 3583 points, bringing its market gains to AED 3.685 billion after the market value of Dubai shares reached about AED 625.915 billion compared to about AED 620.860 billion the previous week.