Quotes: US 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
 Oct 30 2014 - UAE- Hawaii lava flow reaches home threatens townKhaleej Times
(MENAFN - Khaleej Times) Red-hot lava from a slow-erupting volcano has reached a home on Hawaiis Big Island and is threatening an entire town emergency officials said Tuesday. The lava flow from ...

 Oct 30 2014 - UAE- Slow-moving lava creeps closer to Hawaii homesKhaleej Times
(MENAFN - Khaleej Times) A branch of the molten stream was less than 100 yards (90 meters) from a two-story house.This photo provided by the US Geological Survey shows the lava flow from Kilauea ...

 Oct 30 2014 - UAE- Mudslide buries Sri Lanka tea labor quartersKhaleej Times
(MENAFN - Khaleej Times) The military has mobilized troops to help in the rescue operations. Colombo Sri Lanka: A mudslide in central Sri Lanka has buried several rows of workers’ houses at a ...

 Oct 30 2014 - UAE- 10 people killed 200 missing in Sri Lanka after mudslidesKhaleej Times
(MENAFN - Khaleej Times) A local hospital source said that two men and a woman rescued from the mud had been brought in for treatment. Colombo: Around 200 people were reported missing and 10 ...

 Oct 30 2014 - UAE- Heavy rains continue in Telangana two deadKhaleej Times
(MENAFN - Khaleej Times) Two women both sisters were washed in the swirling waters of a rivulet near Madgula village in Guntur district of Andhra Pradesh as heavy rains caused by Cyclone Nilofar ...

 Oct 30 2014 - UAE- Magnitude 6.1 earthquake hits near Samoa: USGSKhaleej Times
(MENAFN - Khaleej Times) A police spokeswoman in the capital Apia told Reuters by telephone that the quake had not been felt in the city and that she was unaware of any damage. Sydney: A 6.1 ...

 Oct 30 2014 - Ottawa shooting was madmans last desperate act says motherKhaleej Times
(MENAFN - Khaleej Times) Susan Bibeau said her estranged son had wanted to travel to Saudi Arabia to study Islam and the Quran not Syria to join militant fighters. Michael Zehaf-Bibeau killed by ...

 Oct 30 2014 - UAE- Kidnapped women used by Boko Haram on front line: Rights groupKhaleej Times
(MENAFN - Khaleej Times) Suspected militant fighters kidnapped about 30 children including girls as young as 11 in Borno state at the weekend. Lagos: Boko Haram has used kidnapped young women and ...

 Oct 30 2014 - Ottawa gunman made video before attack: PoliceKhaleej Times
(MENAFN - Khaleej Times) Michael Zehaf-Bibeau who was shot dead by police in the parliament in Ottawa after killing a soldier Wednesday was mentally ill and wanted to die his mother wrote in a ...

 Oct 30 2014 - UAE- Nepal bus crash kills 14 injures dozens: PoliceKhaleej Times
(MENAFN - Khaleej Times) Among those killed Friday were two people including a woman who was part of a group heading to the Langtang trekking area. Katmandu: A Nepal bus packed with people ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help