Special Features
DFM performance - August 2013
The Dubai Financial Market General Index down 2.5% to 2523.1 points at the end of August compared to 2588.5 points at the end of July. At the sectoral level, indexes of seven out of the nine sectors represented on DFM ended the month in the red, with the Financial & Investment services sector decreasing the most by 6.8%, followed by the Insurance sector by 5.2%, and the Telecommunication sector by 4.6%.The Industrial sector up 14.8% while the Consumer Staples index did not change during this month.
The market capitalization decreased at the end of this month by 1.8% amounting to Dhs232.8bn compared to Dhs237.1bn at the end of previous month. The value of shares traded reached during this month Dhs14.929bn, compared to Dhs12.441bn recorded during July, up by 20%. The number of shares traded up by 36.7% to reach 11.546 billion shares during this month compared to 8.445 billion shares were traded during July. The number of transactions executed during August increased by 12.9% to reach 113.9 thousands compared to 100.9 thousand deals carried out during the previous month.
As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach Dhs8.095bn, or 54.2% of the total traded value in the market. The Financial & Investment services sector ranked second at Dhs2.478bn or 16.6%, followed by the Banking sector with Dhs1.809bn or 12.1%, the Transportation sector with Dhs1.262bn or 8.5%, the Services sector with Dhs913.4m or 6.1%, the Telecommunication sector with Dhs200.8m or 1.3%, the Insurance sector with Dhs171m or 1.1%, while the other sectors shared the rest of trading values.
The value of stocks bought by foreign investors during this month reached Dhs5.889bn comprising 39.4% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dhs5.753bn comprising 38.5% of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dhs135.5m.
On the other hand, The value of stocks bought by institutional investors during this month reached Dhs3.173bn comprising 21.3% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dhs3.738bn which constitutes 25% of the total value traded. DFM net institutional investment out-flow amounted to Dhs565.2m.
