Dubai Financial Market Performance – November 2014

The Dubai Financial Market General Index down 5.8% to 4281.4 points at the end of November compared to 4545.4 points at the end of October. The Financial & Investment services index decreased the most by 14.2% and the Real Estate and Construction index down 5.4%, and the Banking index decreased by 5.7%. In contrast, the Transportation index up 4.5% 

The market capitalization decreased at the end of this month by 3.5% to reach AED 357.2 billion compared to AED 370.3 billion at the end of October. The value of shares traded reached during this month AED 19.6 billion, compared to AED 23.3 billion recorded during October, down 15.9%. The number of shares traded decreased by 17.7% to reach 7.2 billion shares during this month compared to 8.8 billion shares traded during October. The number of transactions executed during November down 22.1% to reach 130.6 thousands compared to 167.5 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 14.6 billion, or 74.8% of the total traded value in the market. Banking sector ranked second at AED 2.3 billion or 11.6%, followed by The Financial & Investment services sector with AED 1.3 billion or 6.5%. The Transportation sector with AED 790.5 million or 4%, the Telecommunication sector with AED 283.5 million or 1.4%, the Services sector with AED 147 million or 0.8%, the Insurance sector with AED 116.7 million or 0.6%, and the Consumer staples sector with AED 51.7 or 0.3%.

The value of stocks bought by foreign investors during this month reached AED 10.5 billion comprising 53.5% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 9.9 billion comprising 51% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 488.8 million.

On the other hand, the value of stocks bought by institutional investors during this month reached AED 7.6 billion comprising 38.8% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 7.2 billion which constitutes 36.9% of the total value traded. DFM net institutional investment in-flow amounted AED 354.8 million.