Foreign investors and institutional investors have increased their purchases in local stocks since the beginning of this year, in light of the attractiveness of National listed companies in front of the investment plans of major global and regional institutions, as well as the availability of wider investment opportunities and options for investors and portfolios to participate in the strong growth of the national economy.
According to the monitoring of the Emirates news agency “WAM”, based on official data from the Abu Dhabi and Dubai markets, the net investments of foreigners and institutions in stocks exceeded the barrier of 10.3 billion dirhams as a purchase yield distributed by 8.26 billion dirhams in the Abu Dhabi market and 2.08 billion dirhams in the Dubai market during the first eight months of this year.
In detail, “Arab and non-Arab” foreign investors made a net purchase in the two markets worth AED8.85 billion during the same period, after making purchases in shares worth AED99. 3 billion, compared to sales of about AED90. 4 billion.
The purchases of foreign investors in the Abu Dhabi Securities Exchange reached about AED 67.2 billion, compared to sales of about AED 59.6 billion with a net investment of AED 7.6 billion, while purchases of foreign investors in the Dubai Financial Market amounted to about AED 32.1 billion, compared to sales of about AED 30.8 billion with a net investment of AED 1.25 billion.
It is targeted to attract more foreign investments in local markets during the current year, in light of the strength of the national economy, in addition to the strong financial performance of listed companies, and the focus of foreign investors on seizing the opportunities available in Emirati stocks, which have become an important role in supporting the vitality of the national economy, especially as they have become a priority of financial and economic policy.
According to the monitoring, the institutional investment in the two markets has achieved a net purchase in local stocks worth about AED 1.5 billion since the beginning of this year, after achieving a total purchase of AED 181.4 billion, compared to total sales of about AED 179.9 billion.
The significant increase in institutional investments in local stocks reflects confidence in the UAE markets and its future growth prospects and the investment opportunities it provides thanks to the strength of the country’s economic foundations and the strong performance of companies operating in it, while the markets continue their efforts to attract more foreign and institutional investments, and diversify liquidity between local and foreign, and the liquidity of institutions and individuals.
The institutions have made a net investment in the Abu Dhabi Securities Exchange worth AED 662.4 million, as a purchase result since the beginning of this year, after registering purchases of AED 147.19 billion, compared to sales of AED 146.5 billion.
In the Dubai Financial Market, Institutional Investment has achieved a net purchase of AED 831.7 million since the beginning of this year after purchases of AED 34.2 billion, compared to sales of AED 33.4 billion.
The local financial markets are expecting more institutional investments in the coming months, especially as the markets are replete with many investment opportunities represented by shares of companies with strong solvency with trading at attractive price levels, attractive to local and foreign institutions and portfolios.
The financial markets in the UAE continue their efforts to attract more foreign and institutional investments through the listing of many companies with strong foundations and high financial solvency, in a move aimed at doubling the market capitalization to AED 6 trillion in the coming years, in addition to the fact that many listed companies have raised the upper limit for the percentage of foreign ownership of the largest public joint stock companies listed in the state, which has contributed to increasing the participation of international investors in the markets
