Dubai Financial Market overall performance increased by 10.2% to reach 1803.58 points the end of 2009 compared to 1636.29 points at the end of 2008.
The market capitalization decreased in 2009 by 8.4% to reach Dhs213.4bn compared to Dhs232.9bn at the end of last year, which is due primarily to decrease of market capitalization of the non UAE companies listed in DFM and not included in the Dubai Financial Market Index.
The value of shares traded during this year reached Dhs173.5bn, compared to Dhs305.2bn recorded during 2008, a decrease by 43.2%. Number of shares traded increased by 44.7% to reach 110.7 billion shares during this year compared to 76.5 billion shares were traded during the previous year. Number of transactions executed during 2009 decreased by 6.9% to reach 1.984 million compared to 2.131 million deals carried out during the last year.
In terms of sectoral contribution to trading volumes, the real estate and construction sector ranked first in terms of the value of traded shares, to reach Dhs100.2bn, or 57.7% of the total value of shares traded in the market. Investment and financial services ranked second at Dhs32bn, or 18.4%, followed by the transportation sector to Dhs16.6bn, or 9.6%, and the banking sector amounted to Dhs12.7bn, or 7.3%. The insurance sector handled Dhs7.2bn, or 4.1%, and utilities sector amounted 3.7 billion, or 2.1%. Communications sector handled Dhs1.2bn, or 0.7%, and the consumer staples and material sectors ranked last to reach Dhs8.4m and Dhs3m respectively.
The value of stocks bought by institutional investors during this year reached Dhs35.708bn comprising 20.6% of the total value of stocks traded during the period. The value of stocks sold by institutional investors during the same period reached Dhs35.531bn which constitutes 20.5% of the total value of stocks traded during the period. Net institutional investment on the market reached Dhs177.4m during the period, as aggregate buy.
The value of shares bought by foreign investors during this year reached Dhs69.909bn comprising 40.3% of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dhs68.502bn comprising 39.5% of the total value of stocks traded during the period. Net foreign investment on the market reached Dhs1.407bn during the same period, as aggregate buy.Global Arab Network
Extracted from "Corporate release"