The Dubai Financial Market General Index increased by 12.7% to 1829.2 points at the end of this quarter compared to 1622.5 points at the end of Fourth quarter of 2012.
''At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the quarter in the green, with the Telecommunication sector increasing the most by 34.1%, followed by the Services and the Real Estate and Construction sectors by 24.8%, and 19.8% respectively. The Consumer Staples sector index has not changed during this quarter, while the Insurance and Industrial indices decreased by 11.9% and 0.3% respectively,'' a DFM quarterly statistical report said.
The market capitalization, the report indicated, increased at the end of this quarter by 12.3% amounting to AED 204.2 billion compared to AED 181.9 billion at the end of previous quarter.
''The value of shares traded during the quarter reached AED 20.8 billion, compared to AED 8.1 billion recorded during Fourth quarter, up by 156%. The number of shares traded increased by 123.8% to reach 16.4 billion shares during this quarter compared to 7.3 billion shares were traded during Fourth quarter. The number of transactions executed during this quarter up by 112% to reach 216.8 thousands compared to 102.3 thousand deals carried out during the previous quarter.
As for the sectors' contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach AED 9.639 billion, or 46.3% of the total traded value in the market. The Banking sector ranked Second at AED 4.611 billion or 22.1%, followed by the Financial and Investment Services sector with AED 1.921 billion or 9.2%, the Services sector with AED 1.857 billion or 8.9%, the Transportation sector with AED 1.205 billion or 5.8%, the Telecommunication sector with AED 1.006 billion or 4.8%, and the Insurance sector with AED 575.9 million or 2.8%, whilst other sectors shared the rest of trading volumes.
The value of stocks bought by foreign investors during this quarter reached AED 9.805 billion comprising 47.1% of the total traded value. The value of stocks sold by foreign investors during the same period reached AED 9.308 billion comprising 44.7% of the total value traded. Accordingly, DFM net foreign investment in-flow reached AED 497.1 million.
On the other hand, The value of stocks bought by institutional investors during this quarter reached AED 5.649 billion comprising 27.1% of the total traded value. The value of stocks sold by institutional investors during the same period reached AED 4.957 billion which constitutes 23.8% of the total value traded. Net institutional investment in-flow into DFM amounted to AED 692.4 million.