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Foreign investors’ purchases in ADX in January 2017 reached 3.13 billion Dirhams, representing %40.4 of total buy trades, whereas their sell stood at 2.723 billion Dirhams, representing %35.2 of total sell trades. Subsequently, the net foreign investment in January reached 406 million Dirhams.
Index performance
ADX general index in January grew by %0.03 to 4548. The investment & financial services sector scored the highest growth rate at %18.07, followed by insurance sector at %14.95; industry sector at %4.35; consumer staples at %2.10; banking sector at %1.13, and real-estate sector at %1.03.
Meanwhile the telecommunications sector dropped by %4.79, followed by energy sector at %0.78, and services sector at %0.41.
The market capitalization of local companies listed on ADX dropped by %1.32 at 438.383 billion Dirhams compared with 444.238 billion Dirhams in December.
Value of traded stocks in ADX grew to reach 7.741 billion Dirhams compared with 3.576 billion Dirhams in December. The number of traded stocks stood at 5.823 billion shares compared with 2.141 in December. Number of deals reached 61907.
The average daily value in January reached 352 million Dirhams compared with 188 million Dirhams in December, growing by %87. The number of trading days stood at 22 against 19 in December. 57 companies were traded in ADX in January.
Eshraq Properties shares were the most active in January with trades equivalent to 1.78 billion Dirhams, representing %25 of total trades, followed by Asmak (1.07 billion Dirhams or %14.2); RAK Properties at 669 million Dirhams (%9.4); Manazel at 630 million Dirhams (%8.9); Al-Dar at 538 million Dirhams (%7.6), and around 2.484 million for the rest of stocks (%34.9).
The real-estate sector had the lion share of trades with 2.989 billion Dirhams (%42.94) of total trades, followed by the consumer staples sector with 1.07 billion Dirhams (%15.07); banking sector with 1.054 billion Dirhams (%14.82); telecommunications with 573 million Dirhams (%8.07); industry sector at 401 million Dirhams (%5.65); insurance sector at 362 million Dirhams (%5.1); investments and financial services at 335 million Dirhams (4.72); energy sector at 316 million Dirhams (%4.44), and services sector at 7 million Dirhams (%0.11).
