ADX plans new listings, derivatives trading in drive to double market cap | ZAWYA MENA Edition
The Abu Dhabi Securities Exchange (ADX) plans to double market capitalisation over the next three years by increasing liquidity and improving market efficiency, the exchange said in a statement Wednesday.
A new strategy called “ADX One”, which includes new listings, launch of derivatives trading and research coverage, aims to adopt best international practices and make the exchange more attractive for foreign investors, the exchange said in a statement Wednesday.
The new strategy comes as the market capitalisation of companies listed on the ADX rose 40 percent in 2020 to a record 750 billion dirhams. The market value of foreign-owned shares in ADX-listed companies topped 60 billion dirhams at the end of December last year.
The ADX is the second-largest exchange in the region, behind Saudi Arabia’s Tadawul. Among its heavyweight listings are First Abu Dhabi Bank and Etisalat.
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