FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2012
ABU DHABI SECURITIES EXCHANGE
ADX Big Blocks Market ADX Reconsolidated Index
Abu Dhabi Securities Exchange (ADX)
implemented a new Big Blocks market that will
take place simultaneously during the existing
trading sessions. ADX aims from this move to
meet the investors’ needs and re-enforce its
transparency rules and demonstrates the depth
of the market. Abu Dhabi Securities Exchange (ADX) applied
the newly reclassified consolidated index for the
local markets in an organized move to improve
the level of the local financial markets to be in
line with the government competitive strategy
according to the best practice in the financial
sector.
In order to qualify, big block trades must meet
the following conditions:
-The number of shares to be traded must not be
less than (1%) of the capital of the company.
-The initiator of the trade must be one person
only while the counter-parties could be
numerous, not exceeding 10 investors.
-The price of the transaction should not differ by
more than (25%) of the previous closing price.
-Big Blocks trades are subject to the
transparency and disclosure rules applicable
on ADX. The launching of the new index of ADX is a
step that would reflect the reality of the listed
companies and its various activities which
supports the studies and analytical researches
logically and objectively.
- Eshraq Properties:
In September 2011, Abu Dhabi Securities
Exchange (ADX) listed Eshraq Properties; a
company specialized in developing commercial
and residential properties within its listed
companies, whereby the company has
launched its operations through ADX under the
ticker symbol “ESHRAQ”.
- National Takaful Company:
In November 2011, Abu Dhabi Securities
Exchange (ADX) listed National Takaful
Company; a company specialized in insurance,
within its listed companies, whereby the
company has launched its operations through
ADX under the ticker symbol “WATANIA”.
Companies Listed in ADX in 2011
- Insurance House:
In June 2011, Abu Dhabi Securities Exchange
(ADX) listed Insurance House P.S.C, a
company specialized in insurance, within its
listed companies, whereby the company has
launched its operations through ADX under the
ticker symbol “IH”.
Key Information Contacts
Abu Dhabi Chamber of Commerce and Industry www.abudhabichamber.ae
Central Bank of UAE www.centralbank.ae
Abu Dhabi Department of Planning and Economy www.adeconomy.ae
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