DFM market capitalisation up 1.8% to Dh 328.3 billion by end of January 2015

Dubai, 3rd February 2015 (WAM): The Dubai Financial Market General Index down 2.6% to 3674.4 points at the end of January compared to 3774 points at the end of December 2014. The Financial and Investment services index decreased the most by 6.8% and the Consumer and Discretionary index down 5.5%, and the Real Estate and Construction index decreased by 5.1%. In contrast, the Transportation index up 7.9%, and Services index up 2.3% The market capitalisation increased at the end of this month by 1.8% to reach Dh 328.3 billion compared to Dh 322.6 billion at the end of December. The value of shares traded reached during this month Dh 15.3 billion, compared to Dh 23.2 billion recorded during December, down 34.1%. The number of shares traded decreased by 28.2% to reach 8.9 billion shares during this month compared to 12.3 billion shares traded during December. The number of transactions executed during January down 24.2% to reach 159.2 thousands compared to 210.2 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 Dh 9.7 billion, or 63.5% of the total traded value in the market. Banking sector ranked second at Dh 2.6 billion or 17.1%, followed by The Financial and Investment services sector with Dh 2 billion or 13%. The Transportation sector with Dh 636.6 million or 4.2%, the Consumer and Discretionary sector with Dh 113.1 million or 0.7%, the Services sector with Dh 107.8 million or 0.7%, the Telecommunication sector with Dh 65.3 million or 0.4%, and the Insurance sector with Dh 63.6 million or 0.4%. The value of stocks bought by foreign investors during this month reached Dh 7.5 billion comprising 49% of the total traded value. The value of stocks sold by foreign investors during the same period reached Dh 7.7 billion comprising 50.2% of the total value traded. Accordingly, DFM net foreign investment out-flow reached Dh 189.8 million. On the other hand, the value of stocks bought by institutional investors during this month reached Dh 3.9 billion comprising 25.2% of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh 4.2 billion which constitutes 27.8% of the total value traded. DFM net institutional investment out-flow amounted Dh 397.2 million. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395275933694.html