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Foreign and institutional investments in Abu Dhabi Securities Exchange (ADX) reached 7.9 billion dirhams by end of November 2016.
Net flow of foreign investments in the last six months, from June to November, reached almost 850 million Dirhams. Data from the Exchange show that institutional investments in the last eleven months reached 4.6 billion Dirhams, whereas foreign national’s investments reached 3.3 billion Dirhams.
According to ADX statistics, non-Arab investors had the majority of foreign investments in the Exchange with 3.1 billion Dirhams worth of portfolios during eleven months.
“ADX constantly invests in the creation of an enabling market environment through the improvement of trading technology, market and reference data, as well as the implementation of market-maker schemes.” Said ADX Chief Executive, Rashed Al Blooshi
“The upgrade of ADX on MSCI index, has helped in globally marketing the Exchange by introducing it to a new group of investors most of which are institutional investors” Al Blooshi added
Al Blooshi expects further flow of foreign and institutional liquidity in the near future given that the listed companies enjoy a competitive price-earnings ratio (P/E Ratio) and high returns compared to other Exchanges.
“Our role in attracting foreign investment comes as part of ADX’s commitment to the growth of the financial services sector in the emirate of Abu Dhabi and the development of a sustainable financial environment under the auspices of Abu Dhabi Vision 2030.” Said Al Blooshi .
