Dubai Financial Market Performance – April 2014

The Dubai Financial Market General Index up 13.7% to 5059 points at the end of April compared to 4451 points at the end of March. the Real Estate index up 22.4% and the Financial & Investment services sector index rose 11.5%, and the Banking sector up 9.6%. The Transportation, Insurance, and telecommunication decreased by 5.1%, 2.3% and 1.9% respectively.

The market capitalization increased at the end of this month by 10% to reach  AED 359.4 billion compared to AED  326.7 billion at the end of March. The value of shares traded reached during this month AED 44.8 billion, compared to AED 32 billion recorded during March, up 39.9%. The number of shares traded increased by 13.9% to reach 16.9 billion shares during this month compared to 14.8 billion shares were traded during March. The number of transactions executed during April increased by 20.5% to reach 234.5 thousands compared to 194.6 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 26 billion, or 58% of the total traded value in the market. The Financial & Investment services sector ranked second at AED 8.6 billion or 19.3%, followed by the Banking sector with AED 6.9 billion or 15.4%, the Services sector with AED 1.3 billion or 2.9%, the Transportation sector with AED 976.3 million or 2.2%, the Insurance  sector with AED 690.2 million or 1.5%, the Telecommunication sector with AED 316.5 million or 0.7%.

The value of stocks bought by foreign investors during this month reached AED 16.9 billion comprising 37.8% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 16.8 billion comprising 37.4% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 162.7 million.

On the other hand, The value of stocks bought by institutional investors during this month reached AED 11.9 billion comprising 26.5% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 11.8 billion which constitutes 26.3% of the total value traded. DFM net institutional investment in-flow amounted to AED 101.4 million.