Dubai: Foreign transactions — both buying and selling — on the Abu Dhabi Securities Exchange (ADX) touched Dh26.9 billion during the first half of 2017, accounting for 47.3 per cent of the total trade value of Dh56.5 billion on the exchange during the period.
Foreign non-Arab investors topped the list with Dh15.9 billion of trades, followed by Arab investors with Dh6.5 billion, and GCC investors with Dh4.4 billion.
“The investment environment [on the] ADX during the past few years has played a great role in increasing the competitiveness of the exchange for all segments of investors,” said Rashed Al Blooshi, ADX chief executive in a statement. “[The] ADX’s main strategic goals are to increase market [capitalisation] and product range, [as well as] attract and activate wider range of investors in the framework of enhancing the competitive environment for doing business and attracting investment into the emirate.”
Al Blooshi also added that the ADX will launch new services later this year, including the technical short-selling service.
The total number of investors on the bourse by the end of first half stood at 961,000 investors. The exchange has issued 2,276 new investor numbers — broken down into 2,020 numbers for individuals and 256 for institutions.
