FEAS Yearbook FEAS Yearbook 2014 | Page 19

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2013 ABU DHABI SECURITIES EXCHANGE CAPITAL MARKET DEVELOPMENT AND ECONOMIC OUTLOOK ADX Performance in 2012 Shares & Market Performance ADX General Market Index: at the end of 2012 was (2,630.86) at a percentile change of (9.52%) in comparison to (2,402.28) in 2011. • The traded value in ADX decreased by (-10.78%) from AED (24.7) billion in 2011 to (22) billion in 2012. Moreover, the average daily traded value decreased by (-10.78%) from AED (98) million in 2011 to AED (87) million in 2012. • Trading volume increased by (3.4%) to (16.4) billion shares in 2012 comparison to (15.9) billion shares in 2011. The average daily trading volume increased by (3.4%) to (65) million shares in 2012 comparison to (62.9) million shares in 2011. • During 2012, the number of executed trades was (258) thousand trades compared to (283) thousand transactions in 2011, a decrease that is (-8.71%). • ADX’s market capitalization has increased from AED (261) billion at the end of 2011 compared to AED (285) billion at the end of 2012, with a percentile change of (8.86%). • ADX’s listed companies are segmented into nine sectors according to their services and certificate of incorporation as follows: the Banks sector includes (14) companies, the Real Estate sector includes (4) companies, the Consumer Staples sector includes (5) companies, the Investment and Financial services sector includes (2) companies, the Industry sector includes (13) companies, the Telecommunication sector includes (3) companies, the Services sector includes (6) companies, the Energy sector includes (2) companies, and the Insurance sector includes (17) companies. ADX Achievements 2012 The Bond Market at ADX • Using Free Float to Calculate the Index. A Free-float index also reflects market trends more rationally as it takes into consideration only those shares that are available for trading in the market. It also makes the index more broad-based by reducing the concentration of the top few companies in the Index • The trading value in 2012 was AED (147) Million while the trading value in 2011 was AED (85.7) Million. The trading volume in 2012 was (1.6) million units in comparison to (1) million units in 2011. There were 59 traded deals in 2012 in comparison to 35 deals traded in 2011. Exchange Traded Funds (ETF’s) • The volume of ETF trading in 2012 reached (306.7) thousand units; while trading value was AED (1.5) Million with 6 executed trades in 2012, in comparison to a traded volume of (476) thousand units in 2011 with a trading value of AED (2) Million with 40 transactions. • Obtaining full membership of World Federation of Exchanges (WFE). ADX is the youngest stock market to gain full membership status in the prestigious organization since the WFE’s inception in the 1960s. • Launch of Trading System Replacement Project. ADX signed an agreement with NASDAQ OMX to replace the current trading system (Horizon) with a new trading system (Xstream) • Using Call Auction Mechanism to calculate closing price. The migration from the current system of Volume Weighted Average Price (VWAP) will help ADX operate more seamlessly with global systems. • Obtaining ISO 9001:2008 in Quality Management. • Enhancing DVP Module • The number of listed companies in 2012 was (66) compared to (67) at the end of 2011. During 2012. Fujairah Trade Center, which is listed under Services sector, was delisted from ADX. 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 CONTACT INFORMATION Contact Name Mr. Saif Sayah Al Mansouri E-mail [email protected] Website www.adx.ae PAGE 19