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Foreign investors’ purchases in February 2017 reached 2.306 billion Dirhams, representing %44.8 of total trades, whereas their sales stood at 2.158 billion Dirhams, representing %41.9 of total trades. Subsequently, the net foreign investment in February reached 148 million Dirhams. Whereas institutional investments in February have reached 31.8 million Dirhams.
Index performance
The general ADX index in February increased by %0.07 to 4552. The banking sector scored the highest growth rate at %2.49, followed by services sector at %1.9 and insurance sector at %1.8.
Meanwhile the energy sector dropped by %13.02, followed by consumer staples sector at %6.59, real-estate sector by %5.13, industry sector by %4.88, investment and financial services sector by %2.76; and telecommunication sector by %1.68.
The market capitalization of companies listed in ADX dropped by %0.44 at 436.465 billion Dirhams compared with 438.383 billion Dirhams in January.
Value of traded stocks in ADX reached 5.147 billion Dirhams compared with 7.741 billion Dirhams in January.
The number of traded stocks stood at 3.046 billion shares compared with 5.823 in January. Number of deals reached 40571 compared with 61907 in January.
The average daily volume in February reached 257 million Dirhams compared with 352 million Dirhams in January. The number of trading days stood at 20 against 22 in January. 56 companies were traded in ADX in February.
Eshraq Properties shares were the most active in February with trades equivalent to 1.532 billion Dirhams, representing %30.7 of total trades, followed by First Gulf Bank (677 million Dirhams or %13.6); Al Dar Properties at 522 million Dirhams (%10.5); ASMAK at 497 million Dirhams (%10); Etisalat at 415 million Dirhams (%8.3), and around 1.347 billion Dirhams for the rest of stocks (%27).
The real-estate sector had the lion share of trades with 2.227 billion Dirhams (%44.61) of total trades, followed by the banking sector with 1.332 billion Dirhams (%26.7); consumer staples sector with 554 million Dirhams (%11.1); telecommunications with 438 million Dirhams (%8.78); energy sector at 172 million Dirhams (%3.46); investment and financial services sector at 91 million Dirhams (%1.83); industry sector at 88 million Dirhams (%1.77); insurance sector at 57 million Dirhams (%1.15), and services sector at 30.7 million Dirhams (% 0.61).
