11/09/2017 05:49 AST

The market value of foreign investments at UAE stock markets hit Dhs104.3 billion during August, maintaining their July levels.

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 Dhs42.2 billion by the end of August, a growth of 1.5 per cent from Dhs41.5 billion in July.

At Abu Dhabi Securities Exchange, the value of non-Arab investors hit Dhs30.56 billion during the monitored period, down 1.5 per cent from Dhs31.1 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.

In the meantime, GCC investors opted for profit booking by selling some shares, to reap quick gains, with their share market value standing at Dhs24.842 billion in August against Dhs24.9 billion in July, Dhs10.396 billion of which at ADX and Dhs14.44 billion at DFM.

Market capitalisation of Arab investments at both bourses went down to Dhs6.7 billion in August from Dhs6.86 billion in July, 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.

Meanwhile, stock markets in the Middle East were mixed in narrow ranges on Sunday, with banks and petrochemicals supporting Saudi Arabia.

The Saudi index rose 0.2 per cent. All but two of the 14 listed petrochemical shares advanced after a pick-up in oil prices at the end of last week, with small polymer maker Nama Chemicals surging 9.5 per cent in unusually heavy trade.

Two-thirds of the 12 listed banks rose with Banque Saudi Fransi, the best performer, climbing 3.8 percent.

Dubai’s index edged up 0.1 per cent, as builder Drake & Scull rose 1.1 per cent in active trade after news that the company’s chairman, Majid al Ghurair, had resigned for “personal reasons”.

DSI will elect a new chairman at board of directors meeting on Tuesday. In Abu Dhabi, Dana Gas added 1.2 per cent and was again Abu Dhabi’s most heavily traded stock, accounting for almost two-thirds of trading volume.

Last week it surged 28 per cent in response to the company’s deal to receive hundreds of millions of dollars in payments from the government of Iraqi Kurdistan. The deal clears the way for Dana to resume expanding gas production in the area over the long term.


The Gulf Today

Ticker Price Volume
QNBK 123.50 779,629
SABIC 100.80 3,731,730
MMG 0.00 0
SALAMA 20.72 450,290
BURUJ 34.50 254,940
SOLIDARITY 20.18 368,326
WALAA 26.90 110,729

ADX 4,455.09 -9.02 (-0.20%)

Market
Dividend Yield (%)
P/E
Price/BookValue
Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ADIB 3.84 0.02 (0.52%)
FAB 10.35 -0.05 (-0.49%)
ADCB 7.13 0.01 (0.14%)
CBI 0.90 0.00 (0.00%)
FGB 0.00 0.00 (0.00%)

DFM 3,632.54 -22.53 (-0.62%)

Market
Dividend Yield (%)
P/E
Price/BookValue
Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ARTC 2.93 -0.01 (-0.35%)
EMAAR 8.80 -0.11 (-1.24%)
EMIRATESNBD 8.39 0.14 (1.69%)
EMAARMALLS 2.40 0.00 (0.00%)
EIB 7.93 0.00 (0.00%)
Oman shares recover on better support from local investors

20/09/2017

Shares on the Muscat bourse recovered on better support from local investors. The benchmark MSM30 Index increased and closed at 4,997.53 points on Tuesday, higher by 0.21 per cent. The MSM Sharia Ind

Times of Oman

QSE breaks losing streak

20/09/2017

Qatar’s stock index came slightly off a five-year low yesterday as local funds intensified their buying of those shares, snapping the 11-straight sessions of losses.r> Local investors have been net

The Peninsula

Saudi Arabia raises $1.9b in sukuk sale

20/09/2017

Saudi Arabia raised 7 billion riyals ($1.9 billion) from domestic sukuk sales as the kingdom seeks to bolster its finances amid an economic overhaul and lower oil prices.

The government re

Gulfnews

Dubai bourse holds steady

20/09/2017

The broader Dubai benchmark index closed almost unchanged on Tuesday as real estate stocks took a breather. Emaar Properties closed 0.22 per cent lower at Dh8.91, after hitting a 52-week high on T

Gulfnews

Tadawul All Share declines

20/09/2017

Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Media & Publishing, Real Estate Development and Multi Investment sectors led shares lower. At the close, the stock bench

Saudi Gazette