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 22.4 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
 Jul 4 2015 - Russian cargo ship heads to ISSThe Peninsula
(MENAFN - The Peninsula) A Russian Soyuz rocket blasted off yesterday to deliver a cargo ship loaded with food, water and equipment to the International Space Station, breaking a string of launch ...

 Jul 4 2015 - Doha Bank raises QR2bn Tier 1 capital-boosting bondThe Peninsula
(MENAFN - The Peninsula) In March, the bank said that it would issue capital-enhancing bonds with a perpetual tenor and an option for the bank to redeem them after six years, to boost the bank's Tier ...

 Jul 4 2015 - Qatar stock index edges lower this weekThe Peninsula
(MENAFN - The Peninsula) Qatar Stock Exchange (QSE) index edged lower this week when the bourse closed Thursday at 12,121.08 points, down 12.15 points, or 0.10 percent.The traded value of QR 1.32bn ...

 Jul 4 2015 - Mideast passenger demand growth soars 14pc: IATAThe Peninsula
(MENAFN - The Peninsula) The International Air Transport Association (IATA) announced global passenger traffic results for May showing strong demand growth compared to May 2014 for both domestic and ...

 Jul 4 2015 - Qatar- Milaha acquires 100pc controls in two liquefied gas carriersThe Peninsula
(MENAFN - The Peninsula) Milaha announced that its wholly owned subsidiary, Qatar Shipping Company, acquired the remaining 60 percent interest in each of the two entities that own the liquefied ...

 Jul 4 2015 - Tunisia arrests eight with 'direct links' to beach massacreThe Peninsula
(MENAFN - The Peninsula) Tunisia has arrested eight people in connection with last week's jihadist massacre at a seaside resort, as the remains of more British victims were set to be flown home ...

 Jul 4 2015 - Egyptian air strikes kill 23 militants in North Sinai: sourcesThe Peninsula
(MENAFN - The Peninsula) Egypt launched air strikes on Islamist militant targets in the Sinai peninsula on Thursday, killing 23 fighters a day after the deadliest clashes in the region in years, ...

 Jul 4 2015 - Saudi opens privatised airport for pilgrimsThe Peninsula
(MENAFN - The Peninsula) Saudi Arabia yesterday officially opened a billion-dollar aviation gateway aimed at pilgrims, in its first airport privatisation. Local media said Custodian of the Two Holy ...

 Jul 4 2015 - Kuwaiti Sunni and Shi'ite worshippers, pray together with Emir showing unityThe Peninsula
(MENAFN - The Peninsula) Kuwait deployed unprecedented security measures around Shiite mosques for Friday prayers following last week's deadly bombing, as the emir attended a rare Shiite-Sunni joint ...

 Jul 4 2015 - Top jihadist from Tunisia killed by US strike in LibyaThe Peninsula
(MENAFN - The Peninsula) A top Tunisian jihadist was killed by a US airstrike in Libya last month, The New York Times reported Friday.The jihadist, Seifallah Ben Hassine, also known as Abu Ayadh, was ...

more...


 






Google

 
 

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