The Dubai Financial Market General Index up 0.6% to 5087 points at the end of May compared to 5059 points at the end of April. The Industrial index up 26.6% and the Banking sector index rose 6.3%, and the Transportation sector up 3%. The Services, Insurance, and Financial & Investment services sectors decreased by 16%, 15.7% and 5.6% respectively.
The market capitalization decreased at the end of this month by 2.9% to reach AED 348.9 billion compared to AED 359.4 billion at the end of April. The value of shares traded reached during this month AED 46.5 billion, compared to AED 44.8 billion recorded during April, up 3.9%. The number of shares traded decreased by 25.2% to reach 12.6 billion shares during this month compared to 16.9 billion shares were traded during April. The number of transactions executed during May increased by 8.2% to reach 253.7 thousands compared to 234.5 thousand deals carried out during the previous month.
As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach AED 30.9 billion, or 66.4% of the total traded value in the market. The Banking sector ranked second at AED 7.8 billion or 16.8%, followed by the Financial & Investment services sector with AED 4.5 billion or 9.7%, the Transportation sector with AED 2.3 billion or 4.9%, the Telecommunication sector with AED 441.5 million or 0.9%, the Insurance sector with AED 386.2 million or 0.8%, the Services sector with AED 217.6 million or 0.5%.
The value of stocks bought by foreign investors during this month reached AED 22.3 billion comprising 48% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 21.2 billion comprising 45.7% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 1.1 billion.
Trading activity by nationality (May 2014) |
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|
Value of Stocks Bought - AED |
Value of Stocks Sold - AED |
Net Investment - AED |
Arab |
9,350,064,283 |
8,928,869,781 |
421,194,502 |
GCC |
5,037,864,024 |
4,906,079,663 |
131,784,361 |
Others |
7,912,408,254 |
7,401,073,465 |
511,334,789 |
Non - UAE |
22,300,336,561 |
21,236,022,909 |
1,064,313,652 |
UAE |
24,202,539,640 |
25,266,853,292 |
(1,064,313,652) |
Grand total |
46,502,876,201 |
46,502,876,201 |
0 |
On the other hand, the value of stocks bought by institutional investors during this month reached AED 14.4 billion comprising 31.1% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 15.2 billion which constitutes 32.8% of the total value traded. DFM net institutional investment out-flow amounted to AED 802.3 million.
Trading activity by client type (May 2014) |
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|
Value of Stocks Bought - AED |
Value of Stocks Sold - AED |
Net Investment - AED |
Institutional |
14,442,630,485 |
15,244,946,389 |
(802,315,903) |
Individuals |
32,060,245,716 |
31,257,929,812 |
802,315,903 |
Total |
46,502,876,201 |
46,502,876,201 |
0 |