DFM Performance – Q3, 2017

The Dubai Financial Market General Index increased by 5.1% to 3563.99 points at the end of this quarter compared to 3392 points at the end of second quarter of 2017. At the sectorial level, indexes of five sectors out of nine sectors represented on DFM ended the quarter in green with the Investment & Financial Services sector index increased the most by 8.5%, followed by the Real Estate & Construction sector index by 6.6%, and the Banks sector index by 4.6%, then the Transportation sector index by 1.2%. On the other hand, the Industrials sector index decreased the most by 9.5%, followed by the Insurance sector index by 1.0%.

The market capitalization increased at the end of this quarter by 7.8% amounting to AED 380.4 billion compared to AED 353 billion at the end of previous quarter. The value of shares traded during this quarter decreased by 22.7% reaching 16.7 billion, compared to AED 21.6 billion recorded during second quarter of 2017. The number of shares traded decreased by 37.9% to reach 11.4 billion shares during this quarter compared to 18.3 billion shares traded during second quarter of 2017. The number of transactions executed during this quarter decreased by 18.9% to reach 188.4 thousand compared to 232.3 thousand deals carried out during the previous quarter.

As for the sectors’ contribution to trading volumes, the Real Estate & Construction sector ranked first in terms of the traded value, to reach AED 7.3 billion, or 43.9% of the total traded value in the market. Banks sector ranked second at AED 4.4 billion or 26.2%, followed by the Investment & Financial Services sector with approximately AED 1.8 billion or 10.6%. The Insurance sector with AED 786.1 million or 4.7%, the Consumer Staples and Discretionary sector with 686.3 million or 4.1%, the Transportation sector with AED 673.8 million or 4.0%, followed by the Services sector with AED 617.6 million or 3.7%, and the Telecommunication sector with AED 463.8 million or 2.8%, and last is the Industrials sector with AED 2.1 million.

The value of stocks bought by foreign investors during this quarter reached AED 7.4 billion comprising 44.1% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 7.4 billion comprising 44.4% of the total value traded. Accordingly, DFM net foreign investment out-flow reached AED 58.1 million.

On the other hand, the value of stocks bought by institutional investors during this quarter reached AED 6 billion comprising 35.9% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 5.9 billion which constitutes 35.5% of the total value traded. DFM net institutional investment in-flow amounted AED 61.9 million.