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The value of shares bought by foreign investors registered in Abu Dhabi Securities Exchange during November 2016, amounted to 2.975 billion dirhams; constituting 48.3% of the total trading value. Meanwhile, foreign investors sell value during the same period reached 2.988 billion dirhams, constituting 48.5% of total turnover. As a result, net foreign investment during the month of November amounted to about 13 million dirham.
Net institutional investment in ADX during November amounted to 131 million dirham, an increase of around 52% in comparison to the previous month, October, which reflects the continued flow of liquidity in this segment into the Exchange.
Index Performance and Sectors
ADX General Index at the end of November 2016 increased by 0.20% compared to the previous month closing at 4308 points. On the sectoral level, the Consumer Staples sector index, achieved an increase of 2.32%%, followed by the Banking sector with 1.76%, and the Insurance sector, with a growth of 0.58%.
While as Investment and Financial Services sector index declined by 5.38%, followed by the Industrial sector index, with a decrease of 5.30%. The index of the Services sector declined by 2.06%, and the Real Estate sector with a decline of 1.78%, while the Telecommunications sector dropping by 1.08% and finally the Energy sector by 0.59%.
The Market Capitalization of listed companies at the end of November increased by 0.35%, to reach 424.890 billion dirhams, compared to 423.388 billion dirhams at the end of October. The trading value of shares traded on the Exchange increased by 163% to reach 6.158 billion dirhams compared to 2.337 billion dirhams recorded during the month of October.
Number of shares traded during the month amounted to around 4.567 billion shares, compared with 1.132 billion shares traded during the month before, amounting to an increase of 303%. Whereas number of executed transactions reached almost 48,192, compared with 21,048 transactions during October, an increase of around 130%.
The average daily trading value during November reached around 280 million dirhams, compared with 111 million dirham in October, representing an increase of 151.5%. Trading days were 22 versus 21 days in the previous month. Number of companies which shares were traded on reached 55 listed companies.
Eshraq properties came first on the list of companies with the most traded shares, in value, in November with a total amount of 2.878 billion dirhams constituting 49.1% of the total trading of the month, followed by Etisalat with transactions of 645 million dirhams, constituting 11%, Aldar Properties came third with deals worth 494 million dirhams constituting 8.4% ,while First Gulf Bank had transactions of 483 million dirhams constituting 8.2%, followed by Manazel Real Estate with deals worth 295 million dirhams at 5%.
In terms of sectoral contribution to trading, the Real Estate sector was first in value of traded shares on the Exchange, amounting to 3.504 billion dirhams with a percentage of 59.77% of the total traded value. It was followed by the Banking sector with a trading value of 1.123 billion and a percentage of 19.17%; then the Telecommunications sector with a trading value of 657 million dirhams, constituting 11.21%. Whereas Insurance sector amounted to 214 million dirhams and 3.66%, the Industrial sector with 175.6 dirhams at 3%, and the Energy sector amounted to 101 million dirhams at 1.73%, while investment sector trading value was 28.9 million dirhams at 0.49 % and finally Services sector trading value reached around 13 million dirhams thus constituting 0.21% of the total trading value of the month.
