Foreign investors acquire AED2.97 billion worth of shares on ADX

The value of shares bought by foreign investors registered at the Abu Dhabi Securities Exchange in November 2016, amounted to AED2.97 billion, constituting 48.3 per cent of the total trading value.

Meanwhile, foreign investors sell value during the same period reached AED2.9 billion, constituting 48.5 per cent of total turnover. As a result, net foreign investment during the month of November amounted to about AED13 million.

Net institutional investment in ADX during November amounted to AED131 million, an increase of around 52 per cent in comparison to October, which reflects the continued flow of liquidity in this segment into the exchange.

ADX General Index at the end of November increased by 0.20 per cent compared to the previous month closing at 4308 points. On the sectoral level, the consumer staples sector index, achieved an increase of 2.32 per cent, followed by the banking sector with 1.76 per cent, and the insurance sector, with a growth of 0.58 per cent.

While the investment and financial services sector index declined by 5.38 per cent, followed by the industrial sector index, with a decrease of 5.30 per cent. The index of the services sector declined by 2.06 per cent, and real estate showed a decline of 1.78 per cent, while telecommunications dropped by 1.08 per cent, and the energy sector fell by 0.59 per cent.

The market capitalisation of listed companies at the end of November increased by 0.35 per cent, to reach AED424.890 billion, compared to AED423.388 billion at the end of October. The trading value of shares traded on the exchange increased by 163 per cent to reach AED6.158 billion compared to AED2.337 billion in October.

The number of shares traded during the month amounted to nearly 4.567 billion shares, compared with 1.132 billion shares traded the month before, amounting to an increase of 303 per cent. The number of executed transactions reached nearly 48,192, compared with 21,048 transactions during October, an increase of around 130 per cent.

The average daily trading value during November reached around AED280 million, compared with AED111 million in October, representing an increase of 151.5 per cent. Trading days were 22 versus 21 days in the previous month. The number of companies which shares were traded on reached 55 listed companies.

Eshraq properties came first on the list of companies with the most traded shares, in value, in November with a total amount of AED2.878 billion constituting 49.1 per cent of the total trading of the month, followed by Etisalat with transactions of AED645 million, constituting 11 per cent, Aldar Properties came third with deals worth AED494 million constituting 8.4 per cent, while First Gulf Bank had transactions of AED483 million, constituting 8.2 per cent, followed by Manazel Real Estate with deals worth AED295 million at 5 per cent.

In terms of sectoral contribution to trading, the Real Estate sector was first in value of traded shares on the exchange, amounting to AED3.504 billion with a percentage of 59.77 per cent of the total traded value. It was followed by the banking sector with a trading value of AED1.123 billion and a percentage of 19.17; then the telecommunications sector with a trading value of AED657 million, constituting 11.21 per cent. Whereas the insurance sector amounted to AED214 million and 3.66 per cent, the industrial sector was AED175.6 at 3 per cent, and the energy sector amounted to AED101 million at 1.73 per cent. The investment sector trading value was AED28.9 million at 0.49 per cent and the services sector trading value reached around AED13 million, thus constituting 0.21 per cent of the total trading value of the month.