Dubai – Mubasher: Foreign and institutional investors moved towards selling on Dubai Financial Market during the third week of January, against a buying tendency among Arab and GCC traders.

DFM continued its bearish performance during the week, shedding AED 15.3 billion ($4.17 billion) of its capitalisation, amid deteriorating oil prices and global economic woes.

DFM foreign traders were net sellers by AED 117.2 million after buying and selling shares worth AED 351.25 million and AED 368.46 million respectively.

Non-GCC Arab traders were net buyers by AED 40.66 million, while GCC traders came in as net buyers by AED 104.2 million.

Non-UAE traders were net buyers by AED 27.66 million, while UAE investors were net sellers by the same value.

Institutional traders were net sellers by AED 20.53 million, while retail traders were net buyers by the same value.