Foreign, institutional buyers drive DFM higher in a week

Dubai – Mubasher: Foreign and institutional traders were mostly buyers on Dubai Financial Market last week, while Arab and GCC traders were net sellers.

The market were higher during the week, backed by the rise all major sectors, amid upbeat global sentiment after the oil rebound.

Non-Arab foreign traders were net buyers by AED 86.47 million. Non-GCC Arab traders were net sellers by AED 94.2 million.

GCC investors were net sellers by AED 7.32 million. UAE nationals were net buyers by AED 15 million.

Institutional traders were net buyers by AED 260.13 million, while retail traders were net sellers by the same value.

Mubasher Contribution Time: 20-Feb-2016 07:54 (GMT)