AED26 million in net foreign investments at ADX in July

Foreign investors’ purchases in July 2017 reached AED1.391 billion at Abu Dhabi Securities Exchange, ADX, accounting for 42.5 percent of total buy trades, whereas their sales stood at AED1.365 billion, comprising 41.7 percent of total sell trades, bringing to AED26 million the net foreign investments in July, with net institutional investments in the same month amounting to AED 254.5 million.

ADX General Index increased by 3.18 percent to 4566 points in July. The telecommunications sector registered the highest rise of 8.38 percent, followed by investment and financial services sector at 6.29 percent; the property sector at 2.95 percent; the services sector at 1.5 percent; banking sector at 1.26 percent; and the energy sector at 0.69 percent. Meanwhile the industry sector dropped by 1.63 percent, followed by the consumer staples sector at 1 percent, and the insurance sector at 0.48 percent.

The domestic market capitalisation of companies listed at ADX increased 3.61 percent to AED441.245 billion compared with AED425.862 billion in June 2017. Trading value in ADX reached AED3.275 billion, over 1.795 billion shares, through 23628 transactions.

The average daily trading value in July reached AED148 million, and the number of trading days stood at 22 against 18 in June. A total of 54 companies were traded on at the Abu Dhabi bourse during the month.

First Abu Dhabi Bank shares were the most active in July with trades equivalent to AED917 million, claiming %28.3 of total trades, followed by Dana Gas with AED460 million or .2; AlDar Properties at AED 339 million, or .5; Etisalat at AED337 million, .4; Eshraq Properties at AED278 million, or %8.6; and around AED911 million for the rest of shares- %28.1.

The banking sector had the lion's share of trades with AED1.404 billion, or %43.18, of total trades, followed by the real estate sector with AED696 million, %21.45; energy sector with AED483 million,.89; telecommunications sector with AED350 million, .79; industry sector at AED137 million, %4.23; consumer staples sector at AED71 million, %2.19; investment and financial services sector at AED64.5 million, %1.99; insurance sector at AED21 million, %0.65, and services sectors at AED16.5 million - %0.51.