Abu Dhabi Securities Exchange crosses Dh2 trillion mark in market cap, foreign funds at Dh131b
For the duration of the to start with quarter of 2022, ADX recorded an 87 per cent year-on-12 months increase in benefit of total trades. Traded values (get + promote) on the trade rose to Dh202 billion in Q1-2022 from Dh108 billion a 12 months ago. The market place value of shares owned by overseas buyers shot up 163 per cent to Dh131 billion from Dh50 billion in Q1-2021.
Vijay Valecha
A series of IPOs and listings has aided ADX’s industry cap to publish double-digit growth. The marketplace cap has been bolstered by far more than $5 billion in share listings more than the previous calendar year. In the meantime, the DFM index’s market capitalization elevated 6.4 for each cent to Dh437.4 billion. This showcases sector participants’ self confidence and a potent appetite for DFM’s trading and IPO alternatives.
– Vijay Valecha, Chief Expense Officer at Century Economic
“The 25 for each cent yr-to-date spike in the exchange’s sector capitalization was bolstered by a spate of IPOs and listings about the earlier year – which include Abu Dhabi Ports, Fertiglobe, ADNOC Drilling, Alpha Dhabi and Multiply Team,” ADX claimed in a statement.
Last 12 months, ADX’s sector cap more than doubled to Dh1.6 trillion, again fuelled by red-scorching IPOs, together with mid-sized listings on the ‘Growth Market’ (formerly acknowledged as the 2nd Market). These bundled those of Palm Athletics, Zee Suppliers and Quick Lease – all 3 subsidiaries of IHC – and an Trade Traded Fund (ETF).
The Dh2 trillion marketplace cap has been ‘supported by ‘ADX One particular,’ the exchange’s technique to enrich liquidity via listing incentives, trading costs reductions and rolling out ground breaking products and solutions and services’, in accordance to a assertion. The exchange’s benchmark index, the FTSE ADX Typical Index, has attained 16% this year, creating it one of the most effective accomplishing stock markets all over the world.
