Dubai Financial Market Performance - January 2013
The Dubai Financial Market General Index rose 16.3% to 1887.6 points at the end of January compared to 1622.5 points at the end of December 2012.
At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the month in the green, with the Services sector increasing the most by 34.7%, followed by the Real Estate & Construction and the Financial & Investment Services sectors by 26.6%, and 16.3% respectively. The Insurance sector down by 3.3%, followed by Industrial sector by 0.7%. The Consumer Staples sector index has not changed during this month.
The market capitalization increased at the end of this month by 11.9% amounting to AED 203.6 billion compared to AED 181.9 billion at the end of previous month. The value of shares traded during this month reached AED 8.652 billion, compared to AED 2.762 billion recorded during December, an increase by 213.3%. The number of shares traded increased by 211% to reach 7.616 billion shares during this month compared to 2.449 billion shares were traded during December. The number of transactions executed during January up by 181.5% to reach 94 thousands compared to 33.4 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 AED 3.324 billion, or 38.4% of the total traded value in the market. The Banking sector ranked second at AED 2.054 billion or 23.7%, followed by the Financial & Investment Services sector with AED 1.103 billion or 12.7%, the Services sector with AED 1.024 billion or 11.8%, the Transportation sector with AED 435.8 million or 5%, the Insurance sector with AED 385.9 million or 4.5%, the Telecommunication sector with AED 324.6 million or 3.8%, whilst other sectors shared the rest of trading values.
The value of stocks bought by foreign investors during this month reached AED 4.083 billion comprising 47.2% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 3.748 billion comprising 43.3% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 334.2 million.
Emirate: Dubai
Date: Feb 8, 2013
Back