Financial and investment services sector steal limelight in 2013

Seven out of the nine sectors on the Dubai Financial Market ended in green last year, with the financial and investment services sector increasing the most by 169.2 per cent, followed by the banking, real estate and construction sectors by 120.6 per cent, and 108.2 per cent respectively, according to DFM?s latest report.

The consumer staples sector index ended down by 9.9 per cent while the Insurance sector index down by 7.2 per cent.

On the other hand, the value of stocks bought by institutional investors in 2013 reached Dh38.3 billion comprising 24 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh37.5 billion, which constitutes 23.5 per cent of the total value traded. Net institutional investment inflow into DFM amounted to Dh790.2 million.

The market capitalisation rose by 42.7 per cent to Dh259.6 billion compared to Dh181.9 billion in 2012. The value of shares traded during this year reached Dh159.9 billion, compared to Dh48.6 billion recorded during 2012, an increase by 229.1 per cent. The number of shares traded rose by 214.3 per cent to reach 127.2 billion shares during this year compared to 40.5 billion shares were traded during the last year.

via Financial and investment services sector steal limelight in 2013 | GulfNews.com.

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