Dubai Financial Market Performance – August 2013

The Dubai Financial Market General Index down 2.5% to 2523.1 points at the end of August compared to 2588.5 points at the end of July. At the sectoral level, indexes of seven out of the nine sectors represented on DFM ended the month in the red, with the Financial & Investment services sector decreasing the most by 6.8%, followed by the Insurance sector by 5.2%, and the Telecommunication sector by 4.6%. The Industrial sector up 14.8% while the Consumer Staples index did not change during this 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 8.095  billion, or 54.2% of the total traded value in the market. The Financial & Investment services sector ranked second at AED 2.478 billion or 16.6%, followed by the Banking sector with AED 1.809 billion or 12.1%, the Transportation sector with AED 1.262 billion or 8.5%, the Services  sector with AED 913.4 million or 6.1%, the Telecommunication sector with AED 200.8 million or 1.3%, the Insurance sector with AED 171 million or 1.1%, while the other sectors shared the rest of trading values.

The value of stocks bought by foreign investors during this month reached AED 5.889  billion comprising 39.4% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 5.753 billion comprising 38.5% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 135.5 million.

On the other hand, The value of stocks bought by institutional investors during this month reached AED 3.173 billion comprising 21.3% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 3.738 billion which constitutes 25% of the total value traded. DFM net institutional investment out-flow amounted to AED 565.2 million.