Dubai Financial Market Performance – June 2015

The Dubai Financial Market General Index increased by 4.2% to 4086.8 points at the end of June compared to 3923.2 points at the end of May. At the sectoral level, the eight sectors represented on DFM ended the month in the green, with the Consumer and Discretionary index increased the most by 13.3%, and the Services index up by 9.3% and the Telecommunication index by 6.4%. The Industrial index decreased by 9.8%.

The market capitalization increased at the end of this month by 3.8% to reach AED 369.4 billion compared to AED 355.7 billion at the end of May. The value of shares traded reached during this month AED 26.1 billion, compared to AED 14.2 billion recorded during May, up by 83.9%. The number of shares traded increased by 48.4% to reach 14.2 billion shares during this month compared to 9.6 billion shares traded during May. The number of transactions executed during June up 65.9% to reach 227.2 thousands compared to 137 thousand deals carried out during the previous month.

As for the sectors’ contribution to trading volumes, the Banking sector ranked first in terms of the traded value, to reach AED 11 billion, or 42.1% of the total traded value in the market. Real Estate and Construction sector ranked second at AED 10.7 billion or 41%, followed by The Financial & Investment services sector with AED 1.8 billion or 7%. The Consumer and Discretionary sector with AED 1.6 billion or 6%, the Services sector with AED 479.5 million or 1.8%, the Transportation sector with AED 340 million or 1.3%, the Insurance sector with AED 107.3 million or 0.4%, and the Telecommunication sector with AED 97.8 million or 0.4%, and the Industrial sector with AED 2.6 million.

The value of stocks bought by foreign investors during this month reached AED 12.3 billion comprising 47% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 12 billion comprising 45.8% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 312.2 million.

On the other hand, the value of stocks bought by institutional investors during this month reached AED 5.2 billion comprising 20% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 4.6 billion which constitutes 17.7% of the total value traded. DFM net institutional investment in-flow amounted AED 613 million.