Monday 11, September 2017 by William Mullally

Foreign investments at UAE stock markets amount to AED 104.3 billion in August

The market value of foreign investments at UAE stock markets hit AED104.3 billion during August, maintaining their July levels, UAE state news agency WAM reported.

According to a market analysis by WAM, non-Arab investors continued their selective purchases at the Dubai Financial Market, with the value of their shares amounting to AED42.2 billion by the end of August, a growth of 1.5 per cent from AED41.5 billion in July.

At Abu Dhabi Securities Exchange, the value of non-Arab investors hit AED 30.56 billion during the monitored period, down 1.5 per cent from AED31.1 billion in July, with market analysts claiming that this category of foreign investors seized the beaten-out prices of some leaders and went on a buying spree that drove the prices up, according to WAM.

In the meantime, GCC investors opted for profit booking by selling some shares, to reap quick gains, with their share market value standing at AED24.842 billion in August against AED 24.9 billion in July, AED 10.396 billion of which at ADX and AED14.44 billion at DFM WAM reported.

Market capitalisation of Arab investments at both bourses went down to AED 6.7 billion in August from AED 6.86 billion in July, WAM reports, with real state shares along with Etisalat continuing to be among the most attractive shares wooing foreign investors in general for the second month running on both markets.

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