FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2012
ABU DHABI SECURITIES EXCHANGE
The index increased from 2,743.61 in 2009
to 2,719.87 in 2010.
Rashed Al Baloushi
Deputy Chief Executive
At the end of 2010 the Abu Dhabi Securities
Exchange (ADX) had 64 companies listed,
whereas, the number of listed companies
at the end of 2009 was 67. The index increased
from 2,743.61 in 2009 to 2,719.87 in 2010.
The value of trading decreased from US$ (94
billion) (AED 345) compared to US$ 19 billion
(AED 69.9 billion) in 2009 to, an decrease of
50.6%. Moreover, the daily average value of
trading in 20010 US$ (37) million compare to
HISTORY AND DEVELOPMENT
ADX was established on November 15, 2000,
as the official stock exchange of Abu Dhabi,
and throughout this relatively brief history, the
exchange was able to achieve remarkable
growth in tandem with the robust economic
performance of the emirate of Abu Dhabi during
the past decade.
ADX serves the domestic cash equity market
with 67 listed companies and a market
capitalization of AED 294.57 billion (US$ 80.26
billion) as on December 31, 2009.
PAGE 18
2009 US$ 76.2 million (AED 280 million). In
2010 there were 251 trading days compared to
250 days in the previous year. The number of executed trades declined to
364,327 trades compared to 744,697 trades in
2009, a decrease of 51%.
The number of shares traded in 2010 (17.6)
billion shares compared to (37.6 billion) shares
ion shares traded over the previous year 2009,
a decrease of 53%. Moreover, the daily average
of traded shares also decreased to 70 million
shares compared with 150 million shares
in 2009. The market capitalization of companies listed at
the ADX at the end of 2010 was US$ (77.2) AED
(283). In 2009 was US$ 80.2 billion AED 295
billion with an decrease of 3.6%.
On March 25, 2010, ADX launched the first
Exchange Traded Funds (ETFs) trading platform
in the GCC region. The exchange was ranked
as the second best government entity in Abu
Dhabi in terms of e-services and solutions. FUTURE OUTLOOK
ADX has custody agreements with major
international financial institutions including
HSBC, Standard Chartered Bank, Deutsche
Bank and Citi.
In 2010 ADX will:
• Increase institutional participation
• Attract more foreign investors
• Enhance the quality of market intermediation
• Strengthen the equity and debt markets
• Develop some new indices including investor
confidence and satisfaction
• Develop internal processes and technology
• Invest in the social infrastructure
• Develop human resources
and;
• Promote the implementation of international
best practices