DFM Performance – March 2014

The Dubai Financial Market General Index up 5.5% to 4451 points at the end of March compared to 4220.5  points at the end of February. the Real Estate index up 12.3% and the Financial & Investment services sector index rose by 6.3%. The Consumer Staples, Services, Transportation decreased by 10%, 4.8% and 3.9% respectively.

The market capitalization increased at the end of this month by 4.3% to reach  AED 326.7 billion compared to AED  313.3 billion at the end of February. The value of shares traded reached during this month AED 32 billion, compared to AED 41.7 billion recorded during February, down by 23.3%. The number of shares traded decreased by 28.7% to reach 14.8 billion shares during this month compared to 20.8 billion shares were traded during February. The number of transactions executed during March decreased by 16.8% to reach 194.6 thousands compared to 233.8 thousand deals carried out during the previous month.

As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach AED 17.3 billion, or 54.2% of the total traded value in the market. The Banking sector ranked second at AED 6.9 billion or 21.6%, followed by the Financial & Investment services sector with AED 5.3 billion or 16.7%, the Transportation sector with AED 1.4 billion or 4.2%, the Insurance  sector with AED 548.7 million or 1.7%, the Telecommunication sector with AED 271.2 million or 0.8%, the Services sector with AED 197.5 million or 0.6%.

The value of stocks bought by foreign investors during this month reached AED 13.7 billion comprising 42.7% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 13.9 billion comprising 43.5% of the total value traded. Accordingly, DFM net foreign investment out-flow reached AED 254 million.

On the other hand, The value of stocks bought by institutional investors during this month reached AED 8.9 billion comprising 27.9% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 8.8 billion which constitutes 27.5% of the total value traded. DFM net institutional investment in-flow amounted to AED 112.7 million.