Foreign investments hit Dh148m in February: ADX

abu dhabi — Abu Dhabi Securities Exchange, or ADX, has announced that foreign investors’ purchases in February 2017 reached Dh2.306 billion, representing 44.8 per cent of total trades, whereas their sales stood at Dh2.158 billion, representing 41.9 per cent of total trades.

In its statement, ADX added, “Subsequently, the net foreign investment in February reached Dh148 million, whereas institutional investments in February have reached Dh31.8 million.”

The general ADX index in February increased by 0.07 per cent to 4552. The banking sector scored the highest growth rate at 2.49 per cent, followed by services sector at 1.9 per cent and insurance sector at 1.8 per cent .

The energy sector dropped by 13.02 per cent, followed by consumer staples sector at 6.59 per cent, real-estate sector by 5.13 per cent, industry sector by 4.88 per cent, investment and financial services sector by 2.76 per cent, and telecommunication sector by 1.68 per cent. The market capitalisation of companies listed in ADX dropped by 0.44 per cent at Dh436.465 billion compared with Dh438.383 billion in January. Value of traded stocks in ADX reached Dh5.147 billion compared with Dh7.741 billion in January.

The number of traded stocks stood at 3.046 billion shares compared with 5.823 in January. The number of deals reached 40,571 compared with 61,907 in January.

The average daily volume in February reached Dh257 million compared with Dh352 million in January. The number of trading days stood at 20 against 22 in January. 56 companies were traded in ADX in February.