Abu Dhabi, UAE — Institutional investors bought more local stocks than they sold in the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) from January to June this year, according to the latest data from the Securities and Commodities Authority (SCA).
Net purchases by institutional investors totaled AED 5.6 billion ($1.52 billion), after buying stocks worth AED165.4 billion and selling AED159.7 billion in stocks.
Institutional investments accounted for some 78 percent of the total trading volume, both buying and selling, in both markets since the start of the current year, while individual investments constituted around 22 percent.
Institutions invested more than AED5 billion in the ADX, resulting from purchases totaling AED143.4 billion compared to sales of around AED138.4 billion.
In terms of monthly net purchases, institutions recorded the highest value in the ADX in February with around AED2.3 billion, followed by approximately AED100.07 million in January, AED1.02 billion in March, AED587.1 million in April, AED566.7 million in May, and AED416 million in June.
In the DFM, the net total of institutional investments was AED613 million since the start of the current year, with purchases totaling AED22 billion and sales at around AED21.4 billion.
The SCA said that the increase in institutional investments is a positive sign for the UAE’s markets and that it is confident that the trend will continue in the coming months.