ADX says AED6.3bn of additional stock accessible for investors in H1

ADX says AED6.3bn of additional stock accessible for investors in H1

Abu Dhabi / WAM

In the first half of 2020, AED6.3 billion of additional stock became accessible for a new group of both local and international investors, creating further scope for increased trading and liquidity, Abu Dhabi Securities Exchange (ADX) revealed in its report on its performance for the six months ending June 30. The report focuses on the exchange's efforts in supporting Abu Dhabi's economy through the development of its capital markets, building a strong platform for growth and foreign investment as the easing of Covid-19 restrictions continues. Khaleefa Al Mansouri, ADX Chief Executive, said, "The whole of Abu Dhabi has collaborated to ensure that the emirate emerges from the COVID-19 crisis well placed to resume its long term growth trajectory. ADX has coordinated closely with its listed companies and other stakeholders to build a robust, modern and increasingly international capital market, an essential pillar of any economy. Especially given the obvious challenges, our performance demonstrates that ADX is delivering on its key strategic objective of becoming more liquid and more accessible to a broader mix of investors.“ ADX also saw increased levels of interest from expatriate investment community, with a 25% increase in number of non-UAE nationals registering to