DUBAI: Abu Dhabi accounted for 89.85 per cent of investment by foreign institutional investors (FIIs) in equities in the United Arab Emirates at AED23 billion, out of total AED25.6 billion in the first ten month of 2024.
Dubai market contributed AED2.6 billion. Analysis of the investment data reveals that foreign investors, encompassing both Arab and non-Arab populations, emerged as net buyers across both markets, totaling AED22.1 billion during this period.
The overall purchasing activity by these foreign investors was robust, amounting to AED158.2 billion, contrasted by sales of AED136.1 billion.
Specifically, on the Abu Dhabi Securities Exchange (ADX), foreign purchases were recorded at AED118.7 billion, leading to a net investment of AED22.1 billion after accounting for sales of AED97.8 billion.
Net buyers
Conversely, the Dubai Financial Market (DFM) saw foreign purchases totaling AED39.5 billion versus sales of AED38.2 billion, resulting in a net investment of AED1.3 billion.
Institutional investments further bolstered the equity markets in the UAE, with these investors collectively representing net buyers of local equities worth more than AED3.46 billion since the beginning of the year.
Their robust activity is reflected in total purchases of AED273.7 billion against sales of AED270.3 billion. In the ADX, institutional investors recorded a net investment of AED2.18 billion, with purchases reaching AED231.8 billion against sales of AED229.7 billion.
Meanwhile, the DFM showcased a similar trend, with institutional investors making a net purchase of AED1.27 billion following total acquisitions of AED41.9 billion against sales of AED40.6 billion.
