Abu Dhabi, UAE — Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion) as a result of purchases during the first nine months of this year, distributed by AED 15.6 billion in the Abu Dhabi market and AED 2.64 billion in the Dubai market.
Foreign investors and institutional investors have boosted their purchases in local stocks since the beginning of this year, in light of the attractiveness of listed national companies to the investment plans of major international and regional institutions, as well as the availability of wider investment opportunities and options for investors and portfolios to participate in the strong growth of the national economy.
Foreign investors “Arab and non-Arab” achieved net purchases in the two markets worth 15.5 billion dirhams during the same period, after achieving purchases in shares worth 122.47 billion dirhams, against sales of about 106.9 billion dirhams.
Foreign investors’ purchases in the Abu Dhabi Securities Exchange amounted to AED 86.1 billion, compared to sales of AED 72.1 billion, with a net investment of more than AED 14 billion, while foreign investors’ purchases in the Dubai Financial Market amounted to AED 36.38 billion, compared to sales of AED 34.8 billion with a net investment of AED 1.5 billion.
It is targeted to attract more foreign investments in the local markets until the end of the year, in light of the strength of the national economy, in addition to the strong financial performance of listed companies, and the focus of foreign investors on seizing the opportunities available in UAE stocks, which have become an important role in supporting the vitality of the national economy, especially as it has become a priority of financial and economic policy.
Institutional investment in the two markets has achieved net purchases in local equities worth more than AED 2.76 billion since the beginning of the year, after achieving total purchases of AED 212.9 billion, against total sales of about AED 210.1 billion.
Institutions have achieved a net investment in the Abu Dhabi Securities Exchange worth more than AED 1.6 billion, as a result of purchases since the beginning of this year, after recording purchases worth AED 174.2 billion, compared to sales of about AED 172.6 billion.
In the Dubai Financial Market, institutional investment has achieved net purchases of AED 1.13 billion since the beginning of this year after purchases of AED 38.68 billion, compared to sales of about AED 37.5 billion.
The local financial markets are awaiting more institutional investments in the coming months, especially as the markets are full of many investment opportunities represented in the shares of companies with strong financial solvency while trading at attractive price levels, which attract institutions, local and foreign portfolios.
The financial markets in the UAE continue their efforts to attract more foreign and institutional investments by listing many companies with strong foundations and high solvency, in a move aimed at doubling the market value to AED 6 trillion in the coming years, in addition to many listed companies raising the maximum percentage of foreign ownership in the largest public shareholding companies listed in the country, which contributed to increasing the participation of international investors in the markets.