Abu Dhabi Securities Exchange continues its ambitious growth trajectory as FADX 15 gains 16.9% in 2022

Abu Dhabi Securities Exchange continues its ambitious growth trajectory as FADX 15 gains 16.9% in 2022

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 per cent 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 on 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 end of Q3, traded values (buy + sell) on the exchange reached Dh648.9 billion compared to Dh495 billion during the same period last year, reflecting an increase of 31 per cent.

"From the beginning of the year to end of Q3 also witnessed net foreign investment reaching Dh19.8 billion compared to Dh7.1 billion during the same period last year, which is a 176 per cent increase, and a 28.7 per cent increase in the value of shares traded by institutional investors to Dh541.5 billion in the same period," according to a statement.

The market capitalisation of stocks listed on ADX increased 59.7 per cent to Dh2.2 trillion at end of Q3 from Dh1.38 trillion during the same period