Dubai – Mubasher: Foreign investors in the Dubai Financial Market (DFM) were net buyers with around AED 1.8 billion since the beginning of 2019, Emarat al Youm reported.
Foreign trades accounted for 50% of the DFM’s trading activities during the first half of the year, according to the local newspaper.
Moreover, foreign traders’ ownership of the market capitalisation stood at 18%, recording a cumulative annual growth of 6% since 2010.
Institutional investors made up 52% of the DFM’s trading value, owning 84% of the market capitalisation.
This came on the sidelines of the DFM’s successful participation in the Global Emerging Markets Investor Forum (GEMS) organised by the HSBC in London.
Eight DFM-listed companies have attracted several meetings with international institutions during the event that was concluded last week.
These companies were Emaar Properties, Emaar Malls, Emaar Development, Aramex, Dubai Islamic Bank (DIB), Emirates NBD, Damac Properties, and Dubai Financial Market (DFM) Company.
It is worth noting that nearly 124 one-on-one meetings were held between senior representatives of the DFM-listed companies and 47 international institutions with $2.6 trillion of assets under management.
