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Dubai Financial Market up 8.7 per cent in Q3 2012.

The Dubai Financial Market (DFM) General Index increased by 8.7 per cent quarter-on-quarter to 1578.79 at the end of third quarter. Seven out of the nine sectors represented on DFM ended the quarter in the green, with the Telecommunication sector increasing the most by 15.8 per cent, followed by the Real Estate and Transportation sectors by 11.4 per cent, and 10.6 per cent respectively. The Consumer Staples sector index has not changed during this quarter, while the Industrial index decreased by 10 per cent.

Market capitalisation increased at the end of Q3 by 4.2 per cent amounting to AED 181.3 billion compared to AED 174 billion at the end of Q2. The value of shares traded during Q3 reached AED 8.1 billion, compared to AED 11.8 billion recorded during Q2, a decrease by 31.2 per cent.

The number of shares traded decreased by 22.4 per cent to 6.8 billion shares and the number of transactions executed during Q3 was down by 33.1 per cent.

The Real Estate and Construction sector ranked first in terms of the traded value, to reach AED 4.496 billion, or 55.2 per cent of the total traded value in the market. The Banking sector ranked second at AED 1.586 billion or 19.5 per cent, followed by the Financial and Investment Services sector with AED 509.3 million or 6.3 per cent, the Telecommunication sector with AED 454.4 million or 5.6 per cent, the Transportation sector with AED 423 million or 5.2 per cent, the Services sector with AED 416.9 million or 5.1 per cent, and the Insurance sector with AED 253.5 million or 3.1 per cent.

The value of stocks bought by foreign investors during Q3 reached AED 4.015 billion comprising 49.3 per cent of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 3.854 billion comprising 47.3 per cent of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 160.8 million.

The value of stocks bought by institutional investors reached AED 2.429 billion comprising 29.8 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 2.268 billion which constitutes 27.9 per cent of the total value traded. Net institutional investment in-flow into DFM amounted to AED 161.2 million.

2012 CPI Financial. All rights reserved.

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Publication:CPI Financial
Date:Oct 6, 2012
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