Abu Dhabi’s stock exchange partners with London’s FTSE Russell – ZAWYA

Abu Dhabi’s stock exchange partners with London’s FTSE Russell – ZAWYA

FTSE Russell to provide daily index calculations on ADX's general index under new agreement. Under the new partnership, FTSE Russell will become the benchmark administrator for tailored domestic equity indexes of the stock exchange.. The new arrangement means that the ADX indexes will transition to FTSE Russell's rule-based index methodology and the index names will be co-branded.. FTSE Russell will also provide daily index calculations on the general index, which includes all listed companies on the ADX and nine sector-specific indexes.. ADX's indexes cover more than 66 listed companies with a total market capitalisation of nearly $145 billion by end of last year..