By: Mahmoud Gamal
Abu Dhabi – Mubasher: Foreign investors, mainly from the US, UK, Saudi Arabia, and Bahrain, are keen on boosting investments in the Abu Dhabi Securities Market (DFM), official data showed in January.
This may push the ADX's indices to attractive levels, which have already touched significant levels on the back of stocks’ annual cash dividend distributions.
Non-Arab buying in the ADX stood at about AED 1.224 billion in January 2018, versus selling of AED 838.84 million, according to data compiled by Mubasher.
Non-Arab buying accounted for 35% of the ADX’s total transactions worth AED 3.48 billion, the data showed.
Non-Arab investors
British investors topped non-Arab investors in the ADX last month, as they were mostly buyers with AED 390.03 million and net sellers with AED273.18 million.
The US investors ranked second, purchasing AED 364.58 million in January, against selling of AED 230.36 million.
Meanwhile, investors from Luxembourg ranked third, as they were net buyers with AED 178.15 million, and net sellers with AED 52.2 million, followed by Singaporean traders who were mostly buyers, netting AED 71.64 million.
Arab and GCC investors
Arab and GCC buying in the ADX amounted to AED 415.55 million in January, versus selling of AED 438.02 million.
Arab and GCC buying accounted for 12% of the ADX’s total transactions of AED 3.48 billion.
Saudi Arabian investors topped the region’s most buyers in the ADX last month with AED 101.75 million, versus selling of AED 69.34 million.
Jordanian traders ranked second most buyers in the ADX with AED 73.7 million, against selling of AED 78.59 million.
Additionally, Kuwaiti investors came third with AED 52.96 million, while they were sellers with AED 79.40 million, followed by Bahraini traders who were buyers with AED 44.36 million and sellers with AED 17.8 million.
The ADX closed January up 4.63%, extending gains to about AED 18 billion.
Translated by: Mai Ezz El-Din
