Malik Salameh – Mubasher: The net sale of shares by foreigners in the UAE financial markets at the end of trading today, Wednesday, amounted to 218.85 million dirhams, equivalent to 59 million dollars.
Foreign investors carried out purchases on Dubai and Abu Dhabi shares at a value of more than 288.6 million dirhams, equivalent to 78.64 million dollars, compared to sales of 507.454 million dirhams, equivalent to 138.27 million dollars, with a net sale of 218.854 million dirhams, according to UAE financial markets data.
The value of foreign purchases of shares in the Abu Dhabi Securities Market amounted to about 139.669 million dirhams, compared to sales of about 334.179 million dirhams.
The value of foreign purchases of shares on the Dubai Stock Exchange amounted to about 148.930 million dirhams, compared to sales of about 173.275 million dirhams.
The net sale of foreign shares in the Abu Dhabi market amounted to 24.345 million dirhams, compared to a net sale in the Dubai market of 24.345 thousand dirhams.
UAE financial market indices rose at the end of Wednesday’s trading session, amid investors’ concerns about the negotiations about raising the US debt ceiling.
The profits of the Dubai Financial Market amounted to 6.385 billion dirhams, while the Abu Dhabi Stock Exchange gained 11 billion dirhams, with a total gain of 17.385 billion dirhams.
The World Bank expects the growth of Gulf economies to slow to 2.5% in 2023