iPhone | iPad
Android
Huawei
The Artisan is an ideal choice for a business lunch
KT APPDOWNLOAD
DFM Attracts Dh1.4b Foreign Investment in 2009
DUBAI - The Dubai Financial Market, or DFM, attracted Dh1.407 billion foreign investment in 2009 despite a challenging year for the bourse due to the global financial crisis.
Foreigners played a significant role on the market as the value of shares bought by foreign investors during 2009 reached Dh69.909 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 Dh68.502 billion comprising 39.5 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh1.407 billion during the same period, as aggregate buy.
The benchmark index jumped 10.2 per cent to 1,803.58 points at the end of 2009, which was a challenging year for the bourse due to the global financial crisis.
The market capitalisation decreased by 8.4 per cent to Dh213.4 billion compared to Dh232.9 billion at the end of last year, which is due primarily to decline of market capitalisation of the non-UAE companies listed on the market and not included in the Dubai Financial Market Index.
The value of shares traded during this year fell to Dh173.5 billion, compared to Dh305.2 billion recorded during 2008, a decrease by 43.2 per cent. While number of shares traded increased by 44.7 per cent to reach 110.7 billion shares during 2009 compared to 76.5 billion shares were traded during the previous year. Number of transactions executed during 2009 decreased by 6.9 per cent to reach 1.984 million compared to 2.131 million deals carried out during the last year.
The real estate and construction sector ranked first in terms of the value of traded shares which reached Dh100.2 billion, or 57.7 per cent of the total value of shares traded in the market. Investment and financial services ranked second at Dh32 billion followed by the transportation sector to Dh16.6 billion and the banking sector amounted to Dh12.7 billion.
The insurance sector handled Dh7.2 billion, or 4.1 per cent, and utilities sector amounted Dh3.7 billion, or 2.1 per cent. Communications sector handled Dh1.2 billion, or 0.7 per cent, and the consumer staples and material sectors ranked last to reach Dh8.4 million and Dh3 million respectively. The value of stocks bought by institutional investors during this year reached Dh35.708 billion comprising 20.6 per cent of the total value of stocks traded during the period.
More news from
Before 1971, the average life expectancy was 53 years — now it's 80; this is why managing seniors' well-being is becoming an important topic, doctor says
Gomez emphasises the role of gastronomy in diplomacy, stating that the relationships between nations are often strengthened around the dining table
Ministers of Gulf Arab states, Iran meet and talk de-escalation
All apartments will have temperature-controlled sunken balconies that allow residents to enjoy year-round outdoor living
First sales from developers outnumber re-sales in the secondary market
In Dubai, overall activity levels rose at the fastest pace in four months
The airline will also provide 48-hour and 96-hour transit visas for travellers from the African country