Foreigners sole buyers in DFM last week
Non-Arab investors were the only net buyers on Dubai's bourse last week, purchasing Dh490.47 million ($133.6 million) of shares, bourse data showed on Saturday.
Investors from outside the Arab region bought Dh1.2 billion worth of shares and sold Dh708.92 million of shares in the trading week ended April 17, Dubai Financial Market Co said in a statement.
DFM, the only listed Arab bourse, generates its revenues from trading-commission fees. Its first-quarter operating revenue almost tripled to Dh273 million.
Data showed non-Arab investors were the only net buyers last trading week, during which the index rose 2.4 per cent.
UAE nationals, Arabs and nationals of other Gulf Arab states were all net sellers, DFM said. UAE nationals sold Dh351.43 million of shares last week, on a net-trading basis, the data showed. (Reuters)
Investors from outside the Arab region bought Dh1.2 billion worth of shares and sold Dh708.92 million of shares in the trading week ended April 17, Dubai Financial Market Co said in a statement.
DFM, the only listed Arab bourse, generates its revenues from trading-commission fees. Its first-quarter operating revenue almost tripled to Dh273 million.
Data showed non-Arab investors were the only net buyers last trading week, during which the index rose 2.4 per cent.
UAE nationals, Arabs and nationals of other Gulf Arab states were all net sellers, DFM said. UAE nationals sold Dh351.43 million of shares last week, on a net-trading basis, the data showed. (Reuters)
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