(MENAFN - Khaleej Times) Foreign investors' net outflow of stocks at Dubai Financial Market (DFM) recorded at Dh29 million during the week ended on November 20, 2008.
The value of shares bought by foreign investors, or non-UAE nationals, during last week (November 16 - November 20) reached Dh1.131 billion comprising 40.3 per cent of the total value of stocks traded during the period.
The value of stocks sold by foreign investors during the same period reached Dh1.160 billion comprising 41.3 per cent of the total value of stocks traded during the period.Net foreign investment on the market reached Dh28.9 million during the same period, as aggregate sell.
The value of stocks bought by institutional investors during the last week reached Dh455.6 million comprising 16.2 per cent of the total value of stocks traded during the period.
The value of stocks sold by institutional investors during the period reached Dh558.5 million which constitutes 19.9 per cent of the total value of stocks traded during the period.
Net institutional investment on the market reached Dh102.9 million during the period, as aggregate sell.
The UAE stocks witnessed mixed trending during the outgoing week as Dubai Financial Market General Index dropped by 4.46 per cent to close at 2,012.24 points while Abu Dhabi General Index added 2.48 per cent to close at 2,833.55 at the end of the week.
The DFM has lost 38 per cent this year while ADX fell by 66 per cent as on November 20, 2008.
Total volume reported a 20.31 per cent weekly gain, with 2.3 billion shares changing hands.
Total value for the week was Dh4.4 billion, a 3.79 per cent increase from last week. Market breadth was skewed towards decliners, as 42 equities retreated versus 34 advancers, while 51 stocks remained unchanged.
In the Dubai, Islamic Arabic Insurance Company was the top gainer for the week with a 34.6 per cent gain to close at Dh1.09.
On the other hand, Takaful House was the top loser, shedding 20 per cent to close the week at Dh1.6.
Emaar Properties was the volume and value leader with 328.51 million shares changing hands with a total value of Dh1.03 billion. In Abu Dhabi, Al Dar Properties was the top gainer, adding 18.8 per cent to end the week at Dh5.11.
While Gulf Cement Company was the top loser, shedding 17.8 per cent, closing at Dh2.90. Sorough Real Estate was also the volume leader, with 114.93 million shares changing hands. Al Dar Properties also was the value leader with a total traded value of Dh545.35 million.