Foreigners, investment portfolios eye UAE stocks: analysts | ZAWYA MENA Edition:
"Over the past week, foreign investors and investment portfolio have focused on purchasing UAE stocks, which had dropped to significantly low levels, making them attractive to investors, analysts told Mubasher, highlighting that the trend was likely to continue in the coming sessions.
Arab and foreign investors were buyers last week, on both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX), netting AED 142.4 million in total. Foreigners alone logged AED 137.7 million in net purchases, whereas Arabs’ investments amounted to AED 4.6 million.
UAE market analyst Gamal Abdelhameed noted that local stocks registered major weekly gains last week, mainly on the back of new announcements and incentives by the Dubai and Abu Dhabi governments.
"
'via Blog this'
No comments:
Post a Comment