Media ININ Economy We Trust
Abu Dhabi 05-09-2019 / WAM
Non-Arab foreign investment in the Abu Dhabi Securities Exchange (ADX) increased during the first eight months of 2019 to AED 2.75 billion, a growth of 39.8% compared to AED 1.966 billion during the same period in 2018.
The significant increase in the volume of non-Arab foreign investments flowing to the capital market was supported by the attractive investment environment enjoyed by the market, which was strengthened during the last period and in a way that encouraged foreign institutions to invest.
The tables related to the movement of non-Arab foreign investment documented by the market, increase the frequency of trading this segment since the beginning of this year, where the value of transactions concluded for them 31.373 billion dirhams buying and selling during the period from January to September 4, an increase of 92% compared to 16.4 1 billion dirhams in the same period in 2018.
Non-Arab foreign investors bought shares at a total value of AED 17.12 billion YTD till September 4, while their sell transactions reached AED 14.353 billion, resulting in a net investment of AED 2.77 billion.
Official figures from the market show that the increase witnessed in the non-Arab foreign investment contributed to the increase in the value of transactions concluded in the market, which amounted to about 70 billion dirhams buying and selling at the beginning of September compared with 45 billion dirhams in the same period of 2018.
It is noteworthy that the general index of the Abu Dhabi Securities Market rose nearly 4% to close at 5124 points, according to official statistics show on September 4.
