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DFM stocks suffer Emirati selling

DFM stocks suffer Emirati selling
Photo Credit: Arabianeye-Reuters

Dubai – Mubasher: Foreign investments focused on buying on Tuesday and boosted the Dubai Financial Market (DFM), alongside institutions and Gulf investors, overcoming pressures from Arab and Emirati investors.

The DFM closed Tuesday in the green for the second session running, backed by the banking and investment sectors, which overcame real estate declines.

Foreign non-Arab buying reached AED 87.8 million on Tuesday against the selling of AED 63.57 million, with total buying netting AED 24.25 million.

Non-GCC Arab traders ended as net sellers by AED 2.23 million, upon buying and selling stocks worth AED 89.18 million and AED 91.4 million, respectively.

Gulf buying reached AED 57.17 million by the end of the session against AED 51 million in selling, resulting in net buying of AED 6.14 million.

Total buying by non-Emirati investors reached AED 234.17 million against AED 206 million in selling, with net buying reaching AED 28.16 million.

Meanwhile, the total value of institutional investments reached AED 182.8 million by the end of Tuesday’s session against AED 177.3 million in selling, resulting in net buying worth AED 5.5 million.

Retail investors registered net selling of AED 5.5 million after total retail buying reached AED 269 million against selling worth AED 274.53 million.