DFM local, GCC traders move to selling

Dubai – Mubasher: Dubai Financial Market (DFM) data for 20 December showed that local and GCC investors tended towards selling, against a buying tendency among foreigners and institutions.

GCC traders netted sellers by AED 2.56 million, while UAE nationals netted as sellers by AED 5.68 million.

DFM ended today’s session on a down note, reversing a four-session winning run, amid profit taking on major stocks in banks and real estate sectors.

Non-GCC Arabs were net buyers by AED 843,380.

Institutional investors were net buyers by AED 20.06 million, while retail traders were net sellers by the same value.

Mubasher Contribution Time: 20-Dec-2015 13:22 (GMT)