.jpg)
The finale of the “Abu Dhabi Securities Exchange Virtual Stock Game Competition 2017” is set to kick-off this Thursday (23rd of March) on Abu Dhabi University’s campus. Organized by ADU’s College of Business Administration in strategic collaboration with the “Abu Dhabi Securities Exchange –ADX”, under the theme “How Would You Invest AED 1,000,000?” the competition attracted more than 117 teams of undergraduate business students from 16 different universities across the UAE. The various student teams competed in trading and investing AED 1,000,000 virtual cash on ADX’s online Stock Market Game, while implementing the most innovative investment strategies to gain the highest returns.
The top 10 teams of students who achieved the highest earnings with the most innovative investment strategies have been chosen to present their investment strategies at the finale to a panel of expert judges, after which the top three winning student teams will be awarded a total of AED 30,000.
Commenting on the occasion, ADX Chief Executive, Rashed Al Blooshi, said “ADX values the collaboration with higher education institutions in the UAE as they are the incubators of future business and investment generations. We aim to develop their educational skills through practical experiences related to financial markets’ investments.”
“Organizing this event with Abu Dhabi University is only one step among other steps of partnerships with educational institutions. Students will gain practical investment experiences in order to obtain the required knowledge before their graduation.” Added Al Blooshi.
Discussing the significance of the competition, Dr. Nejla Ellili Associate Professor of Finance at ADU’s College of Business Administration, Coordinator of Finance & Economics, Head of the Committee organizing the competition, explained that it is a unique method that allows the Business students from universities across the UAE to apply their analytical skills, theoretical knowledge, problem solving prowess, research and communication skills in investing AED 1,000,000 within the virtual trading platform developed by ADX. “More than 117 student teams representing 16 universities from across the United Arab Emirates, spent 90 days of trading and applying out-of-the-box investment strategies and distinctive tactics to bring in the highest investment returns and earnings. The top 10 teams with the highest generated return and diversified portfolios were chosen as finalist of the competition and we’re looking forward to their presentations for the finale of the competition on the 23rd of March. We’re also extremely proud of our strategic collaboration with Abu Dhabi Securities Exchange, as their patronage and support of this unique competition opens up new horizons for all participating students who are in effect the investment experts and leaders of tomorrow. It is important to develop their skills in a manner that contributes to the economic development of the UAE”, added Dr. Ellili.
