ADX will continue to attract global investors amid new listings, JP Morgan says – The National

ADX will continue to attract global investors amid new listings, JP Morgan says – The National

Abu Dhabi Securities Exchange (ADX) will continue to attract the attention of international investors as the Arab world’s second-largest bourse focuses on new listings, according to a top executive from JP Morgan.

“When you look at the strong stable of companies, which are actually high class, world-class companies which are coming to the ADX market to list, we think there is going to be an increased focus from international investors and there is plenty to go in terms of getting that global attention to the ADX,” Aloke Gupte, JP Morgan's head of Europe, Middle East and Africa equity capital markets, said at Abu Dhabi Finance Week on Monday.

New listings have continued to increase on the Abu Dhabi stock market in the last two years as the economy recovers from the coronavirus pandemic. There were nine listings on the ADX last year, including Adnoc Drilling, Fertiglobe and satellite operator Yahsat.