The Abu Dhabi Securities Exchange registered a 31 per cent increase in its traded value during the first nine months of 2022.
The bourse's market capitalisation increased about 60 per cent to Dh2.2 trillion ($600 billion) at the end of the third quarter, from Dh1.38 trillion during the same period in 2021.
Traded values on the exchange (ADX) in the first nine months of the year reached Dh648.9bn compared with Dh495bn in the same period last year, the stock exchange said in a statement on Friday.
Net foreign investment in the period increased 176 per cent to Dh19.8bn, from the same period last year, as the value of shares traded by institutional investors jumped 28.7 per cent to Dh541.5bn, ADX said.
The stock exchange posted a 16.9 per cent jump in FTSE ADX 15 (FADX), its benchmark index during the nine-month period.
The gains were the result of an increase in institutional and individual investors on the exchange, a trading uptick on ADX’s fast-growing Exchange Traded Funds (ETF) market, new listings and the introduction of an index created in partnership with FTSE Russell.
Launched in March 2021, the FADX 15 — developed by the ADX and FTSE Russell — is a blue-chip benchmark that aims to support the bourse’s derivatives market, ETFs and other index-tracking investment vehicles.
Trading values for ETFs on ADX in the first nine months increased more than eightfold to Dh886.9 million from Dh105m compared with the same period last year.
ADX listed a Turkey-focused ETF in the third quarter. The Chimera S&P Turkey Sharia ETF began trading on ADX on August 1, bringing the total number of ETFs on the exchange to seven, the highest number of ETFs on an exchange in the Middle East and North Africa region.
To support the increased demand for passive strategies, ADX partnered with FTSE Russell this year to create a suite of indices, including the introduction of the FTSE ADX Growth Market Index (FADGMI) in the third quarter.
Traded values on the growth market in the first nine months of the year increased 147.7 per cent year on year to Dh20.1bn while the market capitalisation increased 84.8 per cent to Dh76.6bn at the end of the third quarter, ADX said.
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Drishyam 2
Directed by: Jeethu Joseph
Starring: Mohanlal, Meena, Ansiba, Murali Gopy
Rating: 4 stars
SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
SPECS
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The Little Things
Directed by: John Lee Hancock
Starring: Denzel Washington, Rami Malek, Jared Leto
Four stars
RESULTS
1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)
2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.
3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer
3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.
4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman
4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
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MATCH INFO
Everton 2 (Tosun 9', Doucoure 93')
Rotherham United 1 (Olosunde 56')
Man of the Match Olosunde (Rotherham)
match info
Athletic Bilbao 1 (Muniain 37')
Atletico Madrid 1 (Costa 39')
Man of the match Iker Muniain (Athletic Bilbao)
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