ANNUAL REPORT JUNE 2010
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ABU DHABI SECURITIES EXCHANGE
The market capitalization of companies
listed at the ADX at the end of 2009 was
US$ 80.2 billion AED 295 billion with an
increase of 17%.
Rashed AL Baloushi
Deputy Chief Executive
At the end of 2009 the Abu Dhabi Securities
Exchange (ADX) had 67 companies listed,
whereas, the number of listed companies at
the end of 2008 was 65. The index
increased from 2390.01 in 2008 to
2743.61in 2009.
280 million) compared to US$ 256 million
(AED 940 million) in 2008. In 2009 there
were 250 trading days compared to 247
days in the previous year.
The number of shares traded in 2009
decreased to 37.6 billion shares compared
to 49.9 billion shares traded over the
previous year 2008, a decrease of 25%.
Moreover, the daily average of traded
shares also decreased to 150 million shares
compared with 202 million shares in 2008.
The value of trading decreased from US$
63.1 billion (AED 231.9 billion) in 2008
compared to US$ 19 billion (AED 69.9
billion) in 2009, an decrease of 70%.
Moreover, the daily average value of trading
in 2009 decreased to US$ 76.2 million (AED
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.
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 has custody agreements with major
international financial institutions including
HSBC, Standard Chartered Bank, Deutsche
Bank and Citi.
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.
TRADING VOLUME
(US$ millions)
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
01
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03
04
05
06
07
08
The number of executed trades declined to
744,697 trades compared to 1,126,373
trades in 2008, a decrease of -34%.
The market capitalization of companies
listed at the ADX at the end of 2009 was
US$ 80.2 billion AED 295 billion with an
increase of 17%.
FUTURE OUTLOOK
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