Foreign investors’ buy value in Abu Dhabi Securities Exchange (ADX) in October reached 1.318 billion Dirhams, representing %56.7 of total trades executed on the Exchange. Meanwhile their sell value during the same period have reached 1.220 billion Dirhams, representing %52.2 of total trades. Subsequently, the net foreign investment in ADX for October was 98 million Dirhams.
Institutional investment in October reached 84.3 million Dirhams, and accordingly, the net foreign and institutional investment jumped to around 182 million Dirhams. The net investment for both segments during September and October combined reached 502 million Dirhams.
By the end of October 2016, ADX index reached 4300 points. Meanwhile the industrial sector grew by %2.2 in October, followed by energy sector (% 0.49); insurance sector gained (%0.28). Whereas the telecommunications sector declined by %5.75; retail sector decreased by %4.61; banking sector %4.04; investment and financial services %2.61; services %2.20, and real estate sector %1.26.
The market capitalization for listed companies in October reached 423.388 billion Dirhams compared with 442.549 by the end of September. The trading volume in October was 2.337 billion Dirhams compared with 2.482 in September. Around 1.132 shares were exchanged in October compared with 1.268 in September. Number of deals in October jumped to 21048 compared with 20140 in September.
The average daily trading value in October was 111 million Dirhams compared with 146 in September. Number of trading days was 21 compared with 17 in September. Meanwhile the number of companies whose shares were traded on was 49, and Etisalat was the most active company with 469 million worth of trades (%20.3 of total deals), followed by First Gulf Bank (462 million Dirhams - %20.3 of total deals); Al-Dar (283 million Dirhams - %12.5 of total deals); Eshraq Properties (276 million Dirhams - %12.2 of total deals); Abu Dhabi Commercial Bank (148 million Dirhams - %6.5 of total deals).
The banking sector had the lion share of total trades in October with 880 million Dirhams (%38.63 of total trades), followed by real estate sector (655 million Dirhams - %28.78 of total trades); Telecommunications (476 million Dirhams - %20.92 of total trades); Industrial sector (94 million Dirhams - %4.13 of total trades); energy sector (59 million Dirhams - %2.60 of total trades); retail sector (43 million Dirhams - %1.90 of total trades); insurance sector (40.6 million Dirhams - %1.79 of total trades); investment and financial services (22.3 million Dirhams - %0.98 of total trades); and services sector (6.4 million Dirhams - %0.28 of total deals) .
