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Qataris, Brits top ADX sellers

Qataris, Brits top ADX sellers
Photo Credit: Arabianeye-Reuters

 

Abu Dhabi – Mubasher: Foreign and Gulf investors have tried to pressure the Abu Dhabi Securities Exchange (ADX) on Wednesday, whereas locals and Arab investors were interested in buying stocks.

The main index rose by 0.22% or 10.16 points to 4631.19 points amid trades that recorded their lowest levels in six months when compared to Tuesday’s session.

Foreign non-Gulf investments were focused on selling as buying reached AED 24.13 million against selling of AED 28.61 million, with net selling reaching AED 4.5 million.

British investors topped sellers with a net selling of AED four million, followed by the Dutch with net selling of AED 2.42 million. On the other hand, investors from Luxembourg focused on buying with a net purchase of AED four million.

Gulf investments pressured the ADX’s performance on Wednesday as Qataris topped the Gulf resulting in net selling worth AED 4.46 million. Saudis followed with AED 900,000 worth of selling.

Gulf investments reached net selling of AED 4.4 million after buying worth AED 3.633 million against selling worth AED 8.04 million.

Meanwhile, local investors focused on buying with a total purchase of AED 53.4 million against selling of AED 45.65 million, resulting in net buying worth AED 7.8 million.