Media ININ Economy We Trust
Abu Dhabi, April 30 / Investment institutions increased their purchases of local stocks during the first four months of this year, in light of the availability of wider investment opportunities and options for investors and portfolios to participate in the strong growth of the national economy, in addition to the attractiveness of listed national companies in front of the investment plans of major international institutions. and regional.
Based on the data of the Abu Dhabi and Dubai markets; Institutional investment achieved a net purchase of local stocks at a value of about 4.4 billion dirhams during the period from January to April of this year, after achieving total purchases of 118.9 billion dirhams, compared to total sales of about 114.5 billion dirhams.
The significant increase in institutional investments in local shares reflects the confidence in the UAE markets and its future growth prospects and the investment opportunities it provides thanks to the solid economic foundations of the country and the strong performance of the companies operating in it, at a time when the markets continue their efforts to attract more foreign and institutional investments, and diversify liquidity between local , and foreign, and the liquidity of institutions, and individuals.
Institutional investment accounted for about 78% of the total trading (buying and selling) in the two markets during the first quarter, while individual investments accounted for a share of about 22%.
In detail, the institutions made a net investment in the Abu Dhabi Stock Exchange of 4.02 billion dirhams as a purchase proceeds in the first four months of this year, after recording purchases worth 105.5 billion dirhams, compared to sales of about 101.5 billion dirhams.
The institutions recorded the highest value of net purchase in the Abu Dhabi market during last February by about 2.3 billion dirhams, about 100.07 million dirhams in January, 1.02 billion dirhams in March and 587.1 million dirhams in April.
In the Dubai Financial Market, institutional investment achieved a net purchase of 339 million dirhams in the first four months of this year, after achieving purchases worth 13.35 billion dirhams, compared to sales of about 13.01 billion dirhams.
The distribution of net institutional purchases in the Dubai market during the first four months amounted to 237.38 million dirhams for banks, after making purchases of about 636.7 million dirhams, compared to sales of about 399.3 million dirhams, while the net purchase of companies amounted to about 278.1 million dirhams after achieving purchases worth 12.25 billion dirhams, compared to sales of about 12.07. One billion dirhams, while institutions achieved a net sale of about 176.4 million dirhams after making purchases of 367.7 million dirhams, compared to sales of about 544.2 million dirhams.
The local financial markets are looking forward to more institutional investments in the coming months, especially since the markets are full of many investment opportunities represented in the shares of companies with strong financial solvency, with their trading at attractive price levels, attractive to institutions, and local and foreign portfolios.
The financial markets in the country continue to cooperate with listed companies and international investment banks to organize international investor conferences, with the aim of strengthening relations, reviewing the developments of the listed companies’ business and growth strategies in front of international investment institutions, and maintaining open channels of communication with them, which contributes to the markets maintaining an active presence of institutional and foreign investment.
