Net Foreign and Institutional Investments in UAE Equities Surge to AED25.6 Billion in First Ten Months.

Abu Dhabi: Net foreign and institutional investments in equities reached AED25.6 billion during the first ten months of 2024, distributed by AED23 billion in the Abu Dhabi market and AED2.6 billion in the Dubai market. According to Emirates News Agency, official data from the Abu Dhabi and Dubai markets showed that foreign investors, both Arabs and non-Arabs, were net buyers in the two markets, amassing a total worth of AED22.1 billion during the same period. This was achieved after foreign investors made substantial purchases in shares worth AED158.2 billion, against sales of AED136.1 billion. In the Abu Dhabi Securities Exchange (ADX), foreign investor purchases amounted to AED118.7 billion, with sales reaching AED97.8 billion, resulting in a net investment of AED22.1 billion. Concurrently, on the Dubai Financial Market (DFM), foreign investor purchases totaled AED39.5 billion, against sales of AED38.2 billion, yielding a net investment of AED1.3 billion. Institutional investors have also been net buyers of local equities, accumulating more than AED3.46 billion since the beginning of the year. This was achieved after total purchases of AED273.7 billion, surpassing total sales of AED270.3 billion. In the ADX, institutions invested more than AED2.18 billion since the start of the year, following purchases worth AED231.8 billion, against sales of AED229.7 billion. On the DFM, institutional investors recorded a net purchase of AED1.27 billion since the beginning of the year, after executing purchases worth AED41.9 billion and sales totaling AED40.6 billion.