Written by Ashley Waterman
People who are buying property in Dubai might be interested to hear the recent foreign investor figures.
Some AED 1.05 billion worth of shares were bought on the Dubai Financial Market (DFM) between August 16th and 20th by overseas purchasers.
This represents a 45.85 per cent of the total value of stocks traded last week.
Some 22 per cent of the sum purchased during the period was by institutional investors. The worth of which amounted to AED 504.55 million.
This group sold shares worth AED 553.08 million – 24.11 per cent of the total traded during the week.
Earlier this month, the DFM brought is summer stock game competition to a close.
The programme saw a number of trainees from universities, colleges and schools across the UAE trade with a virtual amount of AED one million to see who could make the most money.
Shaikha Kamis from Zabell Girls' School generated AED 107,481 of profit and with it secured first place in the competition.