Emirates News Agency – AED 5.6 billion net corporate investment in Emirates shares from early 2023

ABU DHABI, June 26, In light of the wide investment opportunities and options for investors and portfolios to participate in the strong growth of the national economy, WAM / Investment Companies have strengthened their buying of local stocks since the beginning of this year. as well as the attractiveness of listed national companies to the investment plans of major global and regional companies.

Based on data from the Abu Dhabi and Dubai markets, institutional investment made net purchases of local stocks worth about 5.6 billion dirhams in the January-June period, compared with total sales of 165.4 billion dirhams. About 159.7 billion dirhams.

The significant increase in corporate investments in local stocks reflects confidence in the UAE markets and its future growth prospects, as well as the country’s solid economic foundations and the strong performance of its operating companies. As markets continue their efforts to attract more foreign and institutional investment, to diversify liquidity between local and foreign, and to diversify the liquidity of firms and individuals.

Institutional investment accounted for about 78% of total trading (buying and selling) in the two markets since the start of the year, while individual investments accounted for about 22%.

Broadly, companies have made a net investment in the Abu Dhabi Stock Exchange since the start of the year, with purchase revenue of more than 5 billion dirhams, after recording 143.4 billion dirhams worth of purchases, compared to 138.4 sales. billion dirhams.

Last February, companies registered a maximum of 2.3 billion dirhams in the Abu Dhabi market, about 100.07 million dirhams in January, 1.02 billion dirhams in March, 587.1 million dirhams in April, 566.7 million dirhams in May and 416 million dirhams. Dirhams in June.

On the Dubai Financial Market, institutional investment has seen net purchases of 613 million dirhams since the start of the year, after reaching 22 billion dirhams worth of purchases and sales of around 21.4 billion dirhams.

The local financial markets are expecting more corporate investments in the coming months, especially as the markets are filled with many investment opportunities, represented in the stocks of companies with strong financial solvency, their trading at attractive price levels, attractive to companies and local and foreign portfolios.

The country’s financial markets continue to cooperate with listed companies and international investment banks to organize international investor conferences with the aim of strengthening relationships, examining and maintaining listed companies’ business development and growth strategies before international investment companies. Open channels of communication with them that contribute to the markets to maintain an active presence of institutional and foreign investment.