FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2009
ABU DHABI SECURITIES EXCHANGE
The value of trading increased from US$
47.7 billion (AED 175.3 billion) in 2007
compared to US$ 63.2 billion (AED 232.2
billion) in 2008, an increase of 32.4%.
Tom Healy
Chief Executive
At the end of 2008 the Abu Dhabi Securities
Exchange (ADX) had 65 companies listed,
whereas, the number of listed companies at
the end of 2007 was 64. The index
decreased from 4,551.80 in 2007 to
2,390.01 in 2008.
(AED 939.9 million) compared to US$ 189
million (AED 695 million) in 2007. In 2008
there were 247 trading days compared to
252 days in the previous year.
The number of shares traded in 2008
decreased to 49.9 billion shares compared
to 52 billion shares traded over the previous
year 2007, a decrease of 4%. Moreover, the
daily average of traded shares also
decreased to 202 million shares compared
with 206 million shares in 2007.
The value of trading increased from US$
47.7 billion (AED 175.3 billion) in 2007
compared to US$ 63.2 billion (AED 232.2
billion) in 2008, an increase of 32.4%.
Moreover, the daily average value of trading
in 2008 increased to US$ 255.9 million
HISTORY AND DEVELOPMENT FUTURE OUTLOOK
The ADX was established on 15 November
2000 by Local Law No. (3) of 2000, the
provisions of which vest the Exchange with a
legal entity of autonomous status,
independent finance and management, and
give ADX the necessary supervisory and
executive powers to exercise its functions.
During its brief history, ADX has put in place
a highly efficient centralized market for
equity trading. The figure below sets out the
record of growth since ADX’s formation. In 2009 ADX will:
• Increase institutional participation,
• Enhance quality of market intermediation,
• Strengthen the equity market,
• Provide infrastructure for a domestic debt
market,
• Introduce new investment products,
• Promote the implementation of a best
practice regulatory framework,
• Invest in social infrastructure,
• Develop internal process and technology,
and;
• Develop human resources.
ADX is a government agency which includes
an electronic trading platform with straight-
through processing to a central securities
depository, providing the usual range of
post-trade services for clearing, settlement
and custody. Given this ADX provides a
vertically integrated solution to its market.
TRADING VOLUME
(US$ millions)
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
01
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05
06
07
08
The number of executed trades rose to
1,126,486 trades compared to 1,102,658
trades in 2007, an increase of 2%.
The market capitalization of companies
listed at the ADX at the end of 2008 was
US$ 69 billion AED 252.7 billion with a
decrease of 43%.