Foreign investors, specifically non-Arabs, seized the opportunity to take advantage of attractive prices in UAE markets last week due to selling pressures. They invested a net total of approximately 380 million dirhams, with 200 million in Abu Dhabi and 180 million dirhams in Dubai.
The Dubai Financial Market Index saw a 2.5% decrease to 4068.23 points, while the Abu Dhabi Market Index fell by 0.5% to 9041.65 points. The decline in Dubai was primarily driven by real estate and banking stocks, which impacted the overall market index along with industry stocks. Weekly liquidity reached 7.2 billion dirhams, with 5 billion in Abu Dhabi and 2.2 billion in Dubai. The total traded quantities of shares were 2.4 billion dirhams.
In terms of market activity, foreign investors bought a net 200 million dirhams in the Abu Dhabi market, while Arab, Gulf, and citizen investors leaned towards selling. In Dubai, Arab, Gulf, and foreign investors leaned towards buying, with citizens opting to sell.
Investment portfolios showed a mix of buying and selling activities by investors who bought in Abu Dhabi and sold in Dubai. The performance of various sectors such as real estate, banking, utilities
