Posted by Bob Brunskill
Dubai Financial Market (DFM) has revealed that the value of shares bought by foreign investors, or non-UAE nationals, during last week (June 6th-10th) reached AED 211 million - 42 per cent of the total value of stocks traded during the period.
It was also announced that the value of stocks sold by foreign investors during the same period reached AED 195 million, or 40 per cent of the total value.
Meanwhile, other data released by DFM showed that the value of stocks bought by institutional investors during last week reached AED 88.9 million, or 18 per cent of the total value of stocks traded during the period.
The value of stocks sold by institutional investors during the period reached AED 72.8 million - 15 per cent of the total value.
DFM's news comes after a report by Kuwait Financial Centre Markaz showed this week that the Gulf Cooperation Council posted a 40 per cent corporate earnings increase during the first quarter of 2010 with the UAE the top performer in the region on a quarter-on-quarter basis.