Abu Dhabi Securities Exchange (ADX) Selects FTSE Russell As Benchmark Administrator For Domestic Indices

FTSE Russell provides daily index calculations on the ADX General Index
FTSE ADX General Index replaces the ADX General Index
FTSE Russell and ADX plan to introduce new partnership indices in the future

FTSE Russell, a leading global index, data and analytics provider, announced today that it will begin providing daily index calculations on the Abu Dhabi Securities Exchange (ADX) General Index from 10 January 2022.

The ADX indexes will transition to FTSE Russell’s index methodology, with the index names to be co-branded. The FTSE ADX General Index ('FADGI) will replace the ADX General Index (ADI), with FTSE ADX sector indices taking the place of the existing sector indices

The FTSE ADX General Index will include all eligible companies listed on the ADX and ten sector specific indices (Consumer Discretionary, Utilities, Consumer Staples, Energy, Financial, Healthcare, Industrials, Real Estate, Telecommunications and Basic Materials).

FTSE Russell classifies UAE as a ‘Secondary Emerging’ market within its Global Equity Index Series (GEIS). As part of the FTSE Russell and ADX agreement, a new series of sustainable finance indices and Shariah compliant indices are also planned. FTSE Russell is committed to continued investment and innovation in the UAE and the wider region.

Arne Staal, Chief Executive Officer, FTSE Russell, said:

“ADX is an innovative and vibrant marketplace that empowers the UAE’s economy. We are delighted to work together to strengthen the country’s capital markets with open access to data, pricing and performance metrics. Our collaboration confirms FTSE Russell’s commitment to the Middle East region and we look forward to announcing a range of new benchmarks in the coming months.”

Saeed Hamad Al Dhaheri, Chief Executive Officer of Abu Dhabi Securities Exchange commented:

“Our partnership with FTSE Russell is part of ADX’s wide-ranging strategy to develop a dynamic exchange, which includes investment in state-of-the art market technology and increasing the opportunity set for investors and issuers. The new range of FTSE-ADX indexes will provide robust benchmarks and support the listing of index derivatives, ETFs other index-based products on the exchange.”