ADX boosted by foreign, institutional buying

Abu Dhabi-Mubasher: Abu Dhabi's stock market was fuelled by foreign and institutional buying during the third week of December.

The main index rose by 2.25% - the biggest weekly gains in more than three months – as it added 93.44% to end at 4,241.73 points.

Non-Arab foreign investors recorded a buy/sell difference of AED 71.6 million, after buying and selling shares at a total value of AED 184 million and AED 112.3 million, respectively.

Non-GCC Arabs were also net buyers of shares worth AED 9 million as they recorded buy and sell transactions amounting to AED 96.13 million and AED 87.3 million in a row.

On the other hand, institutions bought and sold shares worth AED 1.92 billion and AED 215 million, respectively, recording a buy/sell difference of AED 1.7 billion.

UAE investors were net sellers of shares worth AED 90.5 million after purchasing shares worth AED 2.027 billion and selling shares worth AED 2.12 billion.

Mubasher Contribution Time: 26-Dec-2015 07:22 (GMT)