Provided by 7DAYS.ae
Foreign investors were net sellers on Dubai's bourse for a third consecutive week last week while UAE nationals snapped up undervalued stocks, official exchange data showed yesterday.Foreigners from outside the Arab region offloaded shares worth dhs440.81 million in selling that pulled Dubai's index to a fresh ten-month low last week, Dubai Financial Market data revealed.Foreign institutional investors have led a sell-off in Gulf
markets this month. The Dubai measure fell 2.1 per cent in the trading week ended Thursday and is down more than 11 per cent from the start of the month.UAE nationals were the only net buyers in the trading week, the data showed, buying approximately dhs549 million worth of shares on a net-trading basis.
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