The Abu Dhabi Securities Exchange (ADX) continued its ambitious growth trajectory from the beginning of the year until the end of the third quarter, registering a 16.9 percent gain on its benchmark index FTSE ADX 15 (FADX 15).
The gain was supported by a rise in institutional and individual investors on the exchange, a trading uptick in ADX’s fast-growing Exchange Traded Funds (ETF) market, new listings, and the introduction of an index created in partnership with FTSE Russell.
From the beginning of the year to the end of Q3, traded values (buy + sell) on the exchange reached 648.9 billion dirhams compared to 495 billion dirhams during the same period last year, an increase of 31 percent.
From the beginning of the year to the end of Q3 also witnessed net foreign investment reaching 19.8 billion dirhams compared to 7.1 billion dirhams during the same period last year, which is a 176 percent increase, and a 28.7 percent increase in the value of shares traded by institutional investors to 541.5 billion dirhams in the same period.
The market capitalization of stocks listed on ADX increased 59.7 percent to 2.2 trillion dirhams at end of Q3 from 1.38 trillion dirhams during the same period in 2021.
Year to the end of Q3 trading values for ETFs on ADX reached 886.9 billion dirhams, an increase of 744 percent from 105 billion dirhams compared to the same period in 2021, thus making ADX’s ETF market the most liquid in the region.
