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Net stock purchases in UAE by institutional investors hit $2bn 

By Pramod Kumar
International Holding Company said in a disclosure to the Abu Dhabi Securities Exchange that scammers are using the company's name for fraudulent investment opportunities Reuters
The financial markets in Abu Dhabi and Dubai are expecting increased institutional investments in the upcoming months

Net stock purchases by global and regional institutional investors reached nearly AED7 billion ($1.9 billion) on the Abu Dhabi and Dubai bourses in 2023. 

Total purchases hit AED302.7 billion, compared to total sales of AED295.8 billion, the UAE state-run Wam news agency reported, citing data from the local stock exchanges.

Institutional investors dominated the UAE equity market this year, capturing 78 percent of total trading activity, reflecting their heightened confidence in the UAE’s economic prospects.

In the Abu Dhabi Securities Exchange (ADX), institutional investors achieved a net investment of more than AED6.1 billion year-to-date. This robust appetite was fuelled by cumulative purchases of AED253.9 billion, marginally surpassing sales of AED247.8 billion.

The highest net purchase value in the ADX was recorded in February, reaching AED2.3 billion, followed by AED100.3 million in January.

In the Dubai Financial Market, institutional investment achieved a net purchase value of AED808.1 million.

The local financial markets expect increased institutional investments in the upcoming months, given the numerous investment opportunities available in shares of financially stable companies.

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