Emirates News Agency – AED 5.6 billion net corporate investment in Emirates shares from early 2023

ABU DHABI, June 26, In light of the wide investment opportunities and options for investors and portfolios to participate in the strong growth of the national economy, WAM / Investment Companies have strengthened their buying of local stocks since the beginning of this year. as well as the attractiveness of listed national companies to the investment plans of major global and regional companies.

Based on data from the Abu Dhabi and Dubai markets, institutional investment made net purchases of local stocks worth about 5.6 billion dirhams in the January-June period, compared with total sales of 165.4 billion dirhams. About 159.7 billion dirhams.

The significant increase in corporate investments in local stocks reflects confidence in the UAE markets and its future growth prospects, as well as the country’s solid economic foundations and the strong performance of its operating companies. As markets continue their efforts to attract more foreign and institutional investment, to diversify liquidity between local and foreign, and to diversify the liquidity of firms and individuals.

Institutional investment accounted for about 78% of total trading (buying and selling) in the two markets since the start of the year, while individual investments accounted for about 22%.

Broadly, companies have made a net investment in the Abu Dhabi Stock Exchange since the start of the year, with purchase revenue of more than 5 billion dirhams, after recording 143.4 billion dirhams worth of purchases, compared to 138.4 sales. billion dirhams.

Last February, companies registered a maximum of 2.3 billion dirhams in the Abu Dhabi market, about 100.07 million dirhams in January, 1.02 billion dirhams in March, 587.1 million dirhams in April, 566.7 million dirhams in May and 416 million dirhams. Dirhams in June.

See also  Aldar Properties is selling all units of two phases of the "Zinan" project in Dubai

On the Dubai Financial Market, institutional investment has seen net purchases of 613 million dirhams since the start of the year, after reaching 22 billion dirhams worth of purchases and sales of around 21.4 billion dirhams.

The local financial markets are expecting more corporate investments in the coming months, especially as the markets are filled with many investment opportunities, represented in the stocks of companies with strong financial solvency, their trading at attractive price levels, attractive to companies and local and foreign portfolios.

The country’s financial markets continue to cooperate with listed companies and international investment banks to organize international investor conferences with the aim of strengthening relationships, examining and maintaining listed companies’ business development and growth strategies before international investment companies. Open channels of communication with them that contribute to the markets to maintain an active presence of institutional and foreign investment.

Emad al-Ali / Rami Samih

  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 72 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space