Dubai – Mubasher: Foreign and institutional traders were mostly sellers on Dubai Financial Market in the first week of 2016, pushing the market back to weekly losses.
DFM performance was negative this week, reversing a three-week winning run, as it lost AED 13.7 billion of its capitalisation, pressured by main sectors led by real estate and banks.
Non-Arab foreign traders were net sellers by AED 27.8 million, while non-GCC Arab traders were net buyers by AED 14.4 million.
GCC investors were net sellers by AED 16.77 million, while non-UAE traders came in as net sellers by AED 30.15 million and UAE traders were net buyers by the same value.
Institutions were net sellers by AED 37 million, while retail traders were net buyers by the same value.
