Foreign investors’ purchases in June 2017 reached 2.114billion Dirhams, representing %55.4 of total buy trades, whereas their sales stood at 1.871 billion Dirhams, representing %49.1 of total sell trades. Subsequently, the net foreign investment in ADX during the month of June reached 243 million Dirhams. Whereas institutional investments in June have reached 151 million Dirhams
Index performance
ADX general index in June dropped by %0.04 to reach 4425. The energy sector scored the highest growth rate at %37.12, followed by real-estate sector at %0.85; telecommunications sector at %0.58, and insurance sector at %0.27.
Meanwhile the services sector dropped by %3.37, followed by consumer staples sector at %1.76, banking sector by %1.27, investment and financial services sector by %1.01, and industry sector by %0.61.
The market capitalization of domestic companies listed on ADX dropped by %0.23 at 425.862 billion Dirhams compared with 426.864 billion Dirhams in May 2017.
Trading value in ADX reached 3.809 billion Dirhams compared with 3.745 billion Dirhams in May. While trading volume stood at 3.120 billion shares compared with 1.719 in May, and number of deals reached 31418 compared with 23519 in May.
The average daily trading value in June reached 211 million Dirhams compared with 162 million Dirhams in May. The number of trading days stood at 18 against 23 in January. 53 companies were traded in ADX in June.
Dana Gas shares were the most active in June with trades equivalent to 1.111 billion Dirhams, representing %29.7 of total trades, followed by Abu Dhabi Commercial Bank with 458 million Dirhams or %12.2; closely followed by First Abu Dhabi Bank with 458 or 12.2%, Aldar Properties at 433 million Dirhams (%11.6); Eshraq Properties at 348.5 million Dirhams (%9.3), and around 935 million Dirhams for the rest of stocks (%25).
Sector Performance
The energy sector had the lion share of trades with 1.130 billion Dirhams (%30.18) of total trades, followed by the banking sector with 1.090 billion Dirhams (%29.13); real-estate sector with 933 million Dirhams (%24.92); telecommunication with 383 million Dirhams (%10.25); services sector at 57.5 million Dirhams (%1.54); consumer staples sector at 50.4 million Dirhams (%1.35); insurance sector at 45.5 million Dirhams (%1.22), investment and financial services at 38.6 million Dirhams or 1.03%, and lastly industrial sector at 14.3 million Dirhams (%0.38).
About Abu Dhabi Securities Exchange (ADX)
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions.
These functions are:
Provide opportunities to invest savings and funds in securities in order to benefit national economy.
Ensure the soundness and accuracy of transactions and to ensure the interaction between demand and supply in order to determine prices.
Protect investors through establishing fair and proper dealing principles between various investors.
Impose stringent controls over securities transactions to ensure sound and conduct procedure.
Develop investment awareness by conduction studies and issuing recommendations in order to ensure that savings are invested in productive sectors.
Ensure financial and economic stability and develop trading methods in order to ensure liquidity and stability of prices of Securities listed on the market.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
At the end of 2016, ADX had 71 listed securities with a market capitalization of AED 475 billion (USD 129 billion). Those securities include 66 public joint stock companies, 2 private joint stock companies, 1 Exchange Traded Fund (ETF), 1 Abu Dhabi Government bond, and 1 convertible bond. ADX listed companies are allocated in nine sectors; Banking, Real Estate, Consumer Staples, Investment and Financial Services, Industrial, Telecommunication, Services, Energy, and the Insurance sector.
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