Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- DFM market cap surges 26% to Dh326.7b in Q1  Join our daily free Newsletter

MENAFN - Khaleej Times - 11/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Real estate and construction sector rank first in traded value

The market capitalisation of dubai financial market surged 25.8 per cent in the first quarter of 2014 over the previous quarter as the benchmark dfm general index jumped 32.1 per cent by the end of the quarter ending march 31.


Traders working at the dubai financial market. the number of shares traded increased by 43.4 per cent to reach 58.4 billion shares in first quarter. — kt file photo


The dfm market cap rose to dh326.7 billion in 2014 first quarter compared to dh259.7 billion at the end of previous quarter the bourse said in a statement.


The value of shares traded during this quarter reached dh110.2 billion compared to dh52 billion recorded during fourth quarter up 111.8 per cent.


The number of shares traded increased by 43.4 per cent to reach 58.4 billion shares during this quarter compared to 40.7 billion shares were traded during fourth quarter. the number of transactions executed during this quarter up 66.4 per cent to reach 659.7 thousands compared to 396.4 thousand deals carried out during the previous quarter.


The real estate and construction sector ranked first in terms of the traded value to reach dh55 billion or 49.9 per cent of the total traded value in the market


The dubai financial market general index increased by 32.1 per cent to 4451 points at the end of this quarter compared to 3369.8 points at the end of fourth.


At the sectoral level indexes of four out of the nine sectors represented on dfm ended the quarter in the green with the real estate and construction sector increasing the most by 52.9 per cent followed by the financial and investment services and the banking sectors by 48.7 per cent and 22. per cent respectively. the services telecommunication and the transportation indices down 9.2 per cent 8.6 per cent and 2.4 per cent respectively.


The banking sector ranked second at dh 25.1 billion or 22.8 per cent followed by the financial and investment services sector with dh18.5 billion or 16.7 per cent the transportation sector with dh5.5 billion or five per cent the insurance sector with dh2.9 billion or 2.6 per cent the services sector with dh1.7 billion or 1.6 per cent and the telecommunication sector with dh1.5 billion or 1.4 per cent while other sectors shared the rest of trading volumes.


The value of stocks bought by foreign investors during this quarter reached dh44.7 billion comprising 40.5 per cent of the total traded value. the value of stocks sold by foreign investors during the same period reached dh45.5 billion comprising 41.3 per cent of the total value traded. accordingly dfm net foreign investment outflow reached dh809.8 million.


The value of stocks bought by institutional investors during this quarter reached dh28.9 billion comprising 26.2 per cent of the total traded value. the value of stocks sold by institutional investors during the same period reached dh 29.7 billion which constitutes 27 per cent of the total value traded. net institutional investment out-flows from dfm amounted to dh835.5 million.


In 2014 gcc equities began on a positive note largely led by an uptick in earnings across key cyclical sectors such as banking services insurance and industrial.


The combined market capitalisation of gcc bourses increased 4.2 per cent month-on-month to 1.026 trillion (dh3767.6 trillion) in february 2014. all indices witnessed a rise in market capitalisation during the month.


— issacjohn?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Feb 11 2016 - Senior Iranian military official: US is subordinate to Iran in Middle EastThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The commander of the Basij paramilitary force of the Islamic Republic of Iran Mohammad Reza Naqdi vowed that Tehran “will not make any compromises with ...

 Feb 11 2016 - Russia ready to discuss Syria ceasefire at international talksThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Russia said Feb. 11 it was ready to discuss a ceasefire in Syria as foreign ministers gathered in Munich in a bid to kick-start peace talks derailed by the ...

 Feb 11 2016 - Austria tells Balkans to curb refugee flowThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Croatian Interior Minister Vlaho Orepic said trains will begin transporting refugees directly from the Macedonia-Greece border to Austria without stopping in ...

 Feb 11 2016 - UAE- Google software can qualify as 'driver'Khaleej Times
(MENAFN - Khaleej Times) US vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver ...

 Feb 11 2016 - UAE- Technology powerhouses converge on Middle East's premier education exhibitionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 11th February 2016 (WAM) -- Leading global technology stalwarts are converging on GESS Dubai to showcase the very latest advances in the education ...

 Feb 11 2016 - Abu Dhabi petrochemical producers promote Waste Free EnvironmentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 11th February 2016 (WAM) -- Committed to supporting UAE National Environment Day on the 4th of February over 3000 people including students from ...

 Feb 11 2016 - RTA briefs delegation of Dubai Traffic Prosecution about customer service strategiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 11th February 2016 (WAM) -- The Roads and Transport Authority RTA has recently received a delegation from the Dubai Traffic Prosecution and briefed ...

 Feb 11 2016 - UAE- Emirates Post Group offers onsite interviews and CV preparation workshops for job seekersEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 11th February 2016 (WAM) -- Emirates Post Group is highlighting employment opportunities available for Emirati job-seekers in the group and its ...

 Feb 11 2016 - UAE Ambassador meets with Jordanian OfficialEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AMMAN 11th February 2016 (WAM) -- Bilal Rabie Bilal Al Bodour UAE Ambassador to Jordan yesterday met with the UAE-Jordan Parliamentary Committee chaired by ...

 Feb 11 2016 - UAE- Lubna Al Qasimi emphasises unified international efforts to secure sustainable and creative financial solutionsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 11th February 2016 (WAM) -- Sheikha Lubna bint Khalid Al Qasimi Minister of State for Tolerance Head of the UAE Committee on Foreign Humanitarian ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help