490 million dirhams, net investments of Gulf people and Arabs in stocks – Local Economy

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The pace of Gulf and Arab investments in the UAE financial markets has increased over the past weeks and has tended to invest in the medium term instead of speculation, which was evident through the increase in their net investment in the market to about 490 million dirhams since the beginning of this year until 19 October, according to what appears. Statistics issued by the Abu Dhabi and Dubai Financial Markets.
The increase in the investments of this segment of investors comes in anticipation of the listed companies’ disclosure of their financial data for the third quarter of this year, in addition to the positive news issued by a group of leading companies on the development of their business, which stimulated investment in the markets.
It is evident through the statistics issued by the financial markets that the total value of Gulf and Arab investors ’trades amounted to about 19.8 billion dirhams, buying and selling, which constitutes 10% of the total trades recorded since the beginning of this year until the date of the current October 19, which is valued at 198.8 billion dirhams.
At the market level, the value of Gulf Arab and Arab trades in the Dubai Financial Market amounted to nearly 13.68 billion dirhams, buying and selling, and their net investment reached 120 million dirhams during the same monitoring period.
On the Abu Dhabi Stock Exchange, their trading value amounted to 6.12 billion dirhams, buying and selling, and their net investment reached about 370 million dirhams.
It is expected that Gulf and Arab investments in the financial markets will increase during the remainder of this year.

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