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Foreign investors and investment institutions have continued their purchases in local stocks since the beginning of this year, in light of the attractiveness of listed national companies to the investment plans of major global and regional institutions.
According to Al Bayan’s monitoring, based on official data from the Abu Dhabi and Dubai markets, the net investments of foreigners and institutions in stocks exceeded 18.3 billion dirhams as a purchase proceeds distributed by 15.65 billion dirhams in the Abu Dhabi market and 2.64 billion dirhams in the Dubai market during the first nine months. From the current year.
In detail, foreign investors (Arabs and non-Arabs) achieved net purchases in the two markets worth 15.54 billion dirhams during the same period, after achieving purchases in stocks worth 122.5 billion dirhams, compared to sales of about 106.94 billion dirhams.
Purchases by foreign investors in the Abu Dhabi Securities Market amounted to about 86.09 billion dirhams, compared to sales of about 72.06 billion dirhams, with a net investment of 14.02 billion dirhams, while purchases by foreign investors in the Dubai Financial Market amounted to about 36.4 billion dirhams, compared to sales of about 34.9 billion dirhams, with a net investment of 1.5 billion. Dirham.
According to monitoring, institutional investment in the two markets has achieved net purchases of local stocks worth approximately 2.76 billion dirhams since the beginning of this year, after achieving total purchases worth 212.9 billion dirhams, compared to total sales of about 210.16 billion dirhams.
The large increase in institutional investments in local stocks reflects confidence in the UAE markets, its future growth prospects, and the investment opportunities it provides thanks to the solid economic foundations of the country and the strong performance of companies operating in it, at a time when the markets continue their efforts to attract more foreign and institutional investments, and diversify liquidity between local and international markets. , foreign, and liquidity of institutions and individuals.
Institutions achieved a net investment in the Abu Dhabi Securities Market worth approximately 1.6 billion dirhams, as a result of purchases since the beginning of this year, after recording purchases worth 174.2 billion dirhams, compared to sales of about 172.6 billion dirhams.
In the Dubai Financial Market, institutional investment achieved a net purchase of 1.13 billion dirhams since the beginning of this year after purchases worth 38.7 billion dirhams, compared to sales of about 37.55 billion dirhams.
The local financial markets are anticipating more institutional investments in the coming months, especially since the markets are full of investment opportunities represented in the shares of companies with strong financial solvency, trading at attractive price levels, attractive to institutions and local and foreign portfolios.
