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Foreigners invest $4.2bn in UAE stocks since start of 2022

Drake & Scull's trading ceased in November 2018 when the company disclosed losses exceeded 75 percent of its capital Wam
Drake & Scull's trading ceased in November 2018 when the company disclosed losses exceeded 75 percent of its capital

The net investments of non-Arab foreigners in UAE stocks rose to over AED 15.54 billion ($4.22 billion) since the start of 2022, UAE state-owned news agency WAM reported.

According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED 70.276 billion from the beginning of 2022 to the end of last week, compared to sales of some AED54.733 billion during the same period, an increase of 28. The total net investment reached AED 15.54 billion as purchase proceeds.

The purchases of non-Arab foreign investors in the Abu Dhabi Securities Exchange (ADX) amounted to AED 51.517 billion since the start of this year, compared to sales of about AED 37.843 billion, resulting in a net purchase investment of AED13.673 billion.

The purchases of non-Arab foreign investors in the Dubai Financial Market (DFM) totalled AED 18.758 billion since the start of this year, compared to sales of about AED16.889 billion, giving a net purchase investment of more than AED 1.86 billion.

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