Dubai Financial Market issues report on performance in February 2011

Dubai, March 2, 2011 (WAM) - Dubai Financial Market overall performance decreased by 8.1% to reach 1410.7 points at the end of February compared to 1534.4 points at the end of January. The market capitalisation decreased at the end of this month by 4% to reach Dh185.3 billion compared to Dh193 billion at the end of January.
The value of shares traded during this month reached Dh2.7 billion, compared to Dh3.0 billion recorded during January, a decreased by 9.7%. Number of shares traded decreased by 6.2% to reach 1.84 billion shares during this month compared to 1.96 billion shares were traded during the January. Number of transactions executed during February decreased by 1.7% to reach 38.2 thousand compared to 38.9 thousand deals carried out during the last month.
In terms of sectors contribution to trading volumes, the real estate and construction sector ranked first in terms of the value of traded shares, to reach Dh1.372 billion, or 50.6% of the total value of shares traded in the market. Transportation sector ranked second at Dh444.4 million, or 16.4%, followed by the Communications sector to Dh332 million, or 12.2%, and the banking sector amounted to Dh261.5 million, or 9.6%. The investment and financial services sector handled Dh240.5 million, or 8.9%.
The value of shares bought by foreign investors during this month reached Dh1.332 billion comprising 49.1% of the total value of shares traded. The value of shares sold by foreign investors during the same period reached Dh1.266 billion comprising 46.6% of the total value traded. DFM net foreign investment in-flow reached Dh66 million. - Emirates News Agency, WAM