The Dubai Financial Market General Index up 9.5% to 2762.5 points at the end of September compared to 2523.1points at the end of August.
At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the month in the green, with the Services sector increasing the most by 17.6%, followed by the Banking sector by 11.9%, and the Real Estate and Construction sector by 11.5%. The Industrial sector down 12.9%, the Consumer Staples index down 9.9% followed by Telecommunication sector by 3.4%.
The market capitalization increased at the end of this month by 7% amounting to Dhs249.1bn compared to Dhs232.8bn at the end of previous month. The value of shares traded reached during this month Dhs21.651bn, compared to Dhs14.929bn recorded during August, up by 45%. The number of shares traded up by 86.7% to reach 21.553 billion shares during this month compared to 11.546 billion shares were traded during August. The number of transactions executed during September increased by 59.1% to reach 181.2 thousands compared to 113.9 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 Dhs11.295bn, or 52.2% of the total traded value in the market. The Banking sector ranked second at Dhs3.125bn or 14.4%, followed by the Financial & Investment services sector with Dhs2.251bn or 10.4%, the Transportation sector with Dhs2.224bn or 10.3%, the Services sector with Dhs2.114bn or 9.8%, the Insurance sector with Dhs356.3m or 1.6%, the Telecommunication sector with Dhs285.2m or 1.3%, while the other sectors shared the rest of trading values.
The value of stocks bought by foreign investors during this month reached Dhs8.786bn comprising 40.6% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dhs8.942bn comprising 41.3% of the total value traded. Accordingly, DFM net foreign investment out-flow reached Dhs155.6m.
On the other hand, The value of stocks bought by institutional investors during this month reached Dhs4.563bn comprising 21.1% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dhs4.378bn which constitutes 20.2% of the total value traded. DFM net institutional investment in-flow amounted to Dhs185.4m.
