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Foreign investors’ purchases in July 2017 reached AED 1.391 billion, representing %42.5 of total buy trades, whereas their sales stood at AED 1.365 billion, representing %41.7 of total sell trades. Subsequently, the net foreign investment in July reached around AED 26 million. Whereas net institutional investments in July reached AED 254.5 million.
Index performance
ADX general index increased by %3.18 to 4566 points in July. The telecommunications sector scored the highest increase with %8.38, followed by investment and financial services sector at %6.29; real-estate sector at %2.95; services sector at %1.5; banking sector at %1.26, and energy sector at %0.69. Meanwhile the industry sector dropped by %1.63, followed by the consumer staples sector at %1, and insurance sector at %0.48.
The domestic market capitalization of companies listed on ADX increased by %3.61 at AED 441.245 billion compared with AED 425.862 billion in June 2017. Trading value in ADX reached AED 3.275 billion, while the trading volume stood at 1.795 billion shares, and the number of trades reached 23628.
The average daily trading value in July reached AED 148 million, and the number of trading days stood at 22 against 18 in June. 54 companies were traded on in ADX during the month of July.
First Abu Dhabi Bank shares were the most active in July with trades equivalent to AED 917 million, representing %28.3 of total trades, followed by Dana Gas with AED 460 million or %14.2; Al Dar Properties at AED 339 million (%10.5); Etisalat at AED 337 million (%10.4); Eshraq Properties at AED 278 million (%8.6), and around AED 911 million for the rest of shares (%28.1).
The banking sector had the lion share of trades with AED 1.404 billion (%43.18) of total trades, followed by the real-estate sector with AED 696 million (%21.45); energy sector with AED 483 million (%14.89); telecommunications sector with AED 350 million (%10.79); industry sector at AED 137 million (%4.23); consumer staples sector at AED 71 million (%2.19); investment and financial services sector at AED 64.5 million (%1.99); insurance sector at AED 21 million (%0.65), and services sectors at AED 16.5 million (%0.51).
