By: Thabet Shehata

Dubai – Mubasher: Foreign and institutional trading on the Dubai Financial Market (DFM) was mostly focused on buying during the first seven months of 2015, which supported the market against selling by Arab, Gulf and local investors.

Overall DFM performance during the period resulted in a 396.2-point addition to the index, representing 9.8% to close July at 4,143.21 points compared to its closing at 3,774 points by the end of 2014.

Foreign investments in the DFM reached an overall AED 18.5 billion against selling of AED 17.2 billion, netting AED 1.3 billion worth of purchases. On the other hand, Arab non-Gulf investors sold AED 25.13 billion and bought stocks worth AED 24.95 billion, resulting in net sales of AED 179 million.

The DFM’s gains during the seven-month period was backed a by semi-collective rise of sectors, with the exception of the industrial sector which dropped 15.6%. Meanwhile, the consumer staples sector led risers, soaring 58.6%, followed by investment with 19.3% then the banks, telecom and real estate sectors, which grew 8.6%, 6.75% and 5.5%, respectively.

Gulf investment netted AED 44.18 million worth of sales, after total buying and selling amounted to AED 9.66 billion and AED 9.7 billion, respectively. UAE buying reached AED 58.3 billion during the seven-month period, while selling amounted to AED 59.35 billion, resulting in net sales of AED 1.08 billion.

Meanwhile, institutional investment buying reached AED 28.56 billion against selling of AED 26.88 billion, netting AED 1.68 billion worth of purchased stocks. Finally, retail investors bought stocks worth AED 82.84 billion and sold AED 84.5 billion, netting sales worth AED 1.68 billion.

Translated by: Nada Adel Sobhi