Foreign investors buy Dh3.13b of shares in ADX in January

Net investment reaches Dh406m on the exchange last month

Foreign investors’ purchases in ADX in January 2017 reached Dh3.13 billion, representing 40.4 per cent of total buy trades, whereas their sell stood at Dh2.723 billion, representing 35.2 per cent of total sell trades.

Subsequently, the net foreign investment in January reached Dh406 million.

The ADX general index in January rose 0.03 per cent to 4,548. The investment and financial services sector scored the highest growth rate at 18.07 per cent, followed by the insurance sector 14.95 per cent; industry sector 4.35 per cent; consumer staples 2.10 per cent; banking sector 1.13 per cent, and real-estate sector 1.03 per cent.

Meanwhile the telecommunications sector dropped 4.79 per cent, followed by the energy sector 0.78 per cent and services sector 0.41 per cent.

The market capitalisation of local companies listed on ADX dropped by 1.32 per cent to Dh438.383 billion compared with Dh444.238

Value of traded stocks grew to Dh7.741 billion compared with Dh3.576 billion in December. The number of traded stocks stood at 5.823 billion shares compared with 2.141 in December. The number of deals reached 61,907.

The average daily value in January reached Dh352 million compared with Dh188 million in December, up 87 per cent. The number of trading days stood at 22 against 19 in December. Fiftyseven companies were traded in ADX in January.

Eshraq Properties shares were the most active in January with trades equivalent to Dh1.78 billion, representing 25 per cent of total trades, followed by Asmak (Dh1.07 billion or 14.2 per cent). billion in December.