ADX continues its ambitious growth trajectory as FADX 15 gains 16.9% year to end of Q3

ADX continues its ambitious growth trajectory as FADX 15 gains 16.9% year to end of Q3

ABU DHABI: 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% 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 AED 648.9 billion compared to AED 495 billion during the same period last year, an increase of 31%. From the beginning of the year to end of Q3 also witnessed net foreign investment reaching AED 19.8 billion compared to AED 7.1 billion during the same period last year which is a 176% increase, and a 28.7% increase in the value of shares traded by institutional investors to AED 541.5 billion in the same period. The market capitalization of stocks listed on ADX increased 59.7% to AED 2.2 trillion at end of Q3 from AED 1.38 trillion during the same period in 2021.

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