The Abu Dhabi Securities Exchange (ADX) announced that its general index has increased by 14.99% in the first quarter of this year, 2013, representing the highest increase among all MENA stock markets. ADX general index increased on Sunday, the 31st of March, by 0.25 percent, closing higher at 3,025.33 points.
“Stock market participants always prefer political stability when investing, which makes the UAE a perfect place for doing investments. Through what the UAE government and its policies have achieved, we can clearly see confidence in its fullest tenure by investors.” said Mr. Rashed Al Baloushi, CEO of ADX.
Mr. Al Baloushi added: “Abu Dhabi Government 2030 vision is exceptional in its principles and its means of applications. We at ADX are part of that vision. We will do everything in our powers to make that vision a reality”
“We have almost 1 million registered investors at ADX. This in any logic would indicate confidence. We’re starting 2013 with a strong quarter. We’re very proud to begin this year with record quarter results “We’re entering into a new phase. We remain very confident in introducing upcoming financial products that would further solidify ADX as a top market in the region.” Said Mr. Al Baloushi.
ADX CEO reiterated: “Our impressive results in the first quarter of this year Indicate continued growth and expansion of our services, quarter by quarter, based on current business operations. The year 2012 also ended with a very strong finish. The net profit of all 63 local listed companies by the end of 2012 has shown an increase of 18% in comparison to 2011. The Industry sector alone went up to a high of 109%, followed by the Real-estate sector with 76%. It’s an incredibly exciting time for us at ADX and an incredibly exciting time for our market participants.”
