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Institutional selling deepens DFM weekly losses

Institutional selling deepens DFM weekly losses
Photo Credit: Arabianeye - Reuters

Dubai – Mubasher: Foreign and institutional investors were net sellers on Dubai Financial Market during the last week in November, against a buying tendency among Arab and national traders.

DFM saw a bearish performance during the week ended 26 November, thus moving back to weekly losses amid a semi-collective decline in main sectors, except for telecoms that bucked the downtrend.

Non-Arab foreign traders were net sellers by AED 109.5 million, while non-GCC Arab investors were net buyers by AED 22.87 million.

GCC investors were net sellers by AED 7.87 million, while non-UAE traders were net sellers by AED 94.46 million. UAE traders came in as net buyers by the same value.

Institutional traders were net sellers by AED 62.6 million, while retail traders were net buyers by the same value.