Thursday, June 24, 2021 – 2:46 pm
ABU DHABI, June 24 / WAM / Non-Arab foreign investors continued to inject more liquidity into the UAE financial markets, in a way that exceeded the expectations of the most optimistic analysts about the performance of the markets this year, despite their unanimous agreement that it is the most attractive investment in the Gulf region and the Middle East in general.
The figures released by the markets showed that the net investments of non-Arab foreigners increased to approximately 4.67 billion dirhams / 1.27 dollars since the beginning of the year 2021 until today, June 24, which reflects the great confidence of this segment of investors in the UAE markets.
This level of net foreign investments in the financial markets is the highest in more than several years, which enhances the chances of attracting more liquidity in the coming months, and consequently its rise in large proportions by the end of the year 2021.
In detail, the net investments of non-Arab foreigners in the Abu Dhabi Securities Exchange increased to about 4.2 billion dirhams since the beginning of the year 2021 until the end of trading on June 24.
The significant increase in the net investments of this segment of investors in the capital market came as a result of purchases worth approximately 50.2 billion dirhams, compared to sales worth about 46 billion dirhams during the two monitoring periods.
On the other side of the picture, the net investments of non-Arab foreigners in the Dubai Financial Market amounted to about 470 million dirhams since the beginning of the year 2021 until today, as a result of purchases worth 8.43 billion dirhams, compared to sales of 7.96 billion dirhams.
It is worth noting that non-Arab foreign investments have recorded a steady increase since the beginning of this year, which has positively affected stock prices and general market indices.
WAM/Nasser Arif/Asim Al-Khouli