DFM jumps 9% in a week, shrugs off foreign selloffs

Dubai-Mubasher: Dubai Financial Market (DFM) climbed 9% last week, shrugging off Arab and foreign selloffs.

The market was boosted by rise in oil prices and positive financial results of some leading companies.

Foreign investors recorded a sell/buy difference of AED 70.6 million as they bought and sold shares worth AED 437.3 million and AED 508 million, respectively.

Non-GCC investors were net sellers of shares worth AED 16.14 million after recording buying and selling transactions worth AED 529.5 million and AED 545.7 million in a row.

GCC traders bought shares worth AED 262 million and sold shares worth AED 178.7 million, recording a buy/sell difference of AED 83.2 million.

Non-UAE investors were net sellers of shares worth AED 3.5 million, while nationals recorded a buy/sell difference at the same value.  

 

Mubasher Contribution Time: 30-Jan-2016 09:17 (GMT)