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
 Jul 23 2016 - Scottsdale, Arizonas AC by J is Part of Daikin Industries Expansion into N. American AC MarketMENAFN Press
(MENAFN Press) google_ad_client = "pub-7060895361757846"; /* MPR 200x200, created 7/14/10 */ google_ad_slot = "9848691929"; google_ad_width = 200; google_ad_height = 200; Scottsdale, Arizona, ...

 Jul 23 2016 - Morocco's inflation rate grows to 2.3 percentMENAFN
(MENAFN) Morocco's annaul consumer inflation increased to 2.3 percent in June from 1.9 percent in May, due to higher food prices.On the other hand, annual food inflation jumped to 4.4 percent from ...

 Jul 23 2016 - Saudi's Modon signs 6.000 deals at USD160bnMENAFN
(MENAFN) The Saudi Industrial Property Authority (MODON) signed more than 6,000 industrial, logistic and services deals for investments that surpasses USD160bn.Additionally, factories in the ...

 Jul 23 2016 - Qatar's exports from Brazil touch USD122.15mnMENAFN
(MENAFN) Brazil's exports to Qatar for the first half of this year reached USD122.15mn, accounting for 2.33 percent.Moreover, meat, sugar, cereals, ores, slag and other miscellaneous grain seeds and ...

 Jul 23 2016 - Rakhi.primogiftsindia.com Offering Heart Winning Selections for Online Rakhi &'Rakhi Gifts!MENAFN Press
(MENAFN Press) Rakhi.primogiftsindia.com is a name reckoned widely for its extensive range of trendy and attractive Rakhis and heart winning Rakhi gifts. In fact, it is one of the reliable online ...

 Jul 22 2016 - Global Water-Soluble Fertilizers Market Has Been Forecasted to Reach USD 15.30 Billion by 2020MENAFN Press
(MENAFN Press) The global water-soluble fertilizers market has been forecasted to reach a value of USD 15.30 billion by 2020 at a CAGR of 5.6%. The market is primarily driven by the increasing ...

 Jul 22 2016 - Established Cardiothoracic Surgeon, Khaled Abdelhady, MD, FRCS, FACS, will be Recognized in Latest Edition of The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Chicago, Illinois The International Association of HealthCare Professionals is pleased to welcome Khaled Abdelhady, MD, FRCS, FACS, Cardiothoracic Surgeon, to their prestigious ...

 Jul 22 2016 - Elite Radiologist, Charif Abdul Rahman Sidani, MD, to be Spotlighted in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Miami, Florida The International Association of HealthCare Professionals is pleased to welcome Charif Abdul Rahman Sidani, MD, Radiologist, to their prestigious organization with ...

 Jul 22 2016 - Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022MENAFN Press
(MENAFN Press) Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022 Global Advanced Driver Assistance Systems (ADAS) Market 2015 Analysis and ...

 Jul 22 2016 - Organic Silicon 2016 World Market Opportunities and Forecasts to 2021MENAFN Press
(MENAFN Press) Organic Silicon 2016 World Market Opportunities and Forecasts to 2021 Global and Chinese Organic Silicon Industry, 2016 Market Research Report PUNE, INDIA, July 22, 2016 ...

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