The Abu Dhabi Securities Exchange (ADX) has seen remarkable trading value and volume in exchange-traded funds (ETFs) since the start of this year, establishing itself as the most active and liquid ETF market in the Middle East and North Africa (MENA) region.
Data from the Emirates News Agency (WAM) indicates that the total trading value of ETFs on the exchange hit AED1.863 billion ($507.2 million) during the first eight months of 2024.
Read more: ADX ETF market surpasses 1.4 billion in traded value
This robust trading activity and notable growth solidify ADX’s status as a leading destination and a key regional hub for ETFs, while furthering its ambitious objectives to attract and list ETFs from international issuers. The exchange is also committed to broadening its range of investment products, enhancing operational efficiency, and fostering sustainable growth.
Since the beginning of the year, the volume of trading in ETFs on ADX has reached approximately 450.7 million units, with the number of transactions totaling 19,853.
Earlier this month, Kuwait-based non-banking financial institution Kamco Invest highlighted in its latest report that aggregate net profits reported by firms on GCC exchanges experienced a robust year-on-year (YoY) increase of 5.7 percent in Q2-2024, driven by widespread growth across most regional markets. Data showed that the quarter-on-quarter (QoQ) growth reached 8.1 percent, with total net profits rising for the second consecutive quarter to $60.7 billion in Q2-2024, compared to $56.2 billion in Q1-2024 and $57.4 billion in Q2-2023.
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