Foreigners emerge net buyers in first half

Non-GCC investors were net buyers of shares in the UAE stock markets to the tune of Dh649 million during the first half of the year, data released by the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) revealed yesterday.

The ADX took the lion's share with non-GCC investors including Arabs and foreigners ending the second half as net buyers of shares worth Dh600m. DFM accounted for Dh49m for the same category.

"While non-GCC investors only owned four per cent of the value of ADX stocks, they accounted for 30 per cent of all trading, buying and selling shares worth nearly Dh16billion," ADX CEO Tom Healy said.