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Inflows into UAE stocks, with the FTSE review for June 2023 entering into force in the middle of this month (closed June 16), are estimated at about 567.2 million dirhams ($155 million), amid outflows of about 74.35 million dirhams ($20 million). bringing the net inflows to 493 million dirhams ($134 million).
According to analysts’ estimates, seen by Al-Khaleej, the total expected trading in UAE shares as a result of the FTSE review amounts to 567.2 million dirhams, equivalent to 175 million dollars. The weight of the UAE is expected to increase from 1.56% to 1.61%, by 0.06%.
It is scheduled that 8 Emirati companies will witness inflows with the activation of the review, as the inflows include 106.7 million dirhams ($ 29.1 million) to “Empower”, after the company was added to the “FTSE” indices to enter into force at the end of the Friday session, June 16, It is effective from June 19.
It also includes inflows of 261.5 million dirhams (71.3 million dollars) to the Dubai Electricity and Water Authority (DEWA) share, as a result of changing the weight factor of investable shares. It also includes inflows to “Multiplay” by about 129.5 million dirhams, equivalent to 35.3 million dollars for the same reason. And 22.4 million dirhams for the share of “Burouj”, 21.5 million dirhams for the share of “Alfa Abu Dhabi”, 13.15 million dirhams for the share of Aldar Properties, 11.02 million dirhams for the share of “Al Seer Marine” and 1.4 million dirhams for the share of “GFH” in the market. Abu Dhabi.
