ADX replaces benchmark index with FTSE ADX General Index to streamline performance gauges – The National
- Date: 10-Jan-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
ADX replaces benchmark index with FTSE ADX General Index to streamline performance gauges – The National
Abu Dhabi Securities Exchange, the best performing GCC bourse in 2021, has partnered with global index provider FTSE Russell to develop co-branded indices to bring its stock performance measures in line with global standards.
The FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indexes will take the place of the existing sector indexes. The move became effective on Monday, ADX said in a statement.
The co-branded indexes will support the development of the recently launched ADX derivatives market.
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