FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2011
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 2009 US$ 76.2 million
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.
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(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