Foreign Investors In ADX Buy Value Reaches 2.28 Billion Dirhams In May - 204 Million Dirhams Net Foreign Investment

Foreign investors buy value of shares in May 2017 reached 2.282 billion Dirhams, representing %60.9 of total trades conducted on the Exchange during that month, whereas their sell value stood at 2.077 billion Dirhams, representing %55.4 of total trades. Subsequently, the net foreign investment in May reached 204 million Dirhams.  The institutional investment in May have reached 389 million Dirhams.

ADX general index in May declined by %2.11 to 4427 points. The services sector scored the highest growth rate at %8.29, followed by industry sector at %2.73. Meanwhile the consumer staples sector dropped by %8.09, followed by investment and financial services sector by %6.05; energy sector by %4.31; banking sector by %3.10; telecommunications sector by %1.43; insurance sector by %0.49, and real-estate sector by %0.12.

The market capitalization of domestic companies listed on ADX dropped by %1.61 to reach 426.864 billion Dirhams compared with 433.830 billion Dirhams in April. Value of traded shares in ADX reached 3.745 billion Dirhams compared with 3.322 billion Dirhams in April.

The volume of traded shares stood at 1.719 billion shares compared with 1.618 in April. Number of deals reached 23510 compared with 25319 in April. The average daily traded value in May reached 162 million Dirhams. The number of trading days stood at 23 against 20 in April. 57 companies were traded on ADX in May. 

First Abu Dhabi Bank shares were the most active in May with trades equivalent to 775.2 million Dirhams, representing %21.4 of total trades, followed by Etisalat (534 million Dirhams or %14.7); Al-Dar Properties at 450 million Dirhams (%12.4); Eshraq Properties at 449 million Dirhams (%12.4); Abu Dhabi Commercial Bank at 405 million Dirhams (%11.2), and around 1.009 billion Dirhams for the rest of companies shares (%27.9).

The banking sector had the lion share of trades with 1.733 billion Dirhams (%47.85) of total trades, followed by the real-estate sector with 951 million Dirhams (%26.25); telecommunications sector with 551 million Dirhams (%15.21); energy sector with 107 million Dirhams (%2.96); consumer staples sector at 91.7 million Dirhams (%2.53); industry sector at 85.6 million Dirhams (%2.36); services sector at 47 million Dirhams (%1.30); investment and financial services at 29.7 million Dirhams (%0.82), and insurance sector at 26 million Dirhams (%0.72).