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Mr. Tom Healy, Director General of ADSM, in an overview the market activities and achievements during 2007, said last year witnessed a tangible increase in institutional investment, particularly foreign participation, whose net investment amounted to AED (9.9) billion in 2007 compared to AED (1) billion in 2006.
The analysis and comparison with 2006 shows the following:- The value of trading increased 148.4% from AED (70,6) billion in 2006 to AED (175,3) billion.
- The daily average value of trading increased 177.8% from AED (250.4) million to AED (695.8) million a day.
- The number of traded shares increased 361% from (11.3) billion shares to (52.1) billion shares.
- The daily average traded shares also rose more than 415% from (40.1) million shares to (206.6) million traded shares per day.
- The Index increased by 51.7% during 2007
In 2007 ADSM had four new listings: Arkan building Materials, Fujairah Building Industries, Fujairah National Insurance Company and Fujairah Trade Center which raised the number of listed companies from (60) to (64). Also, the number of ADSM registered brokerage firms increased from (84) to (96). In order to support this growth, ADSM expanded and improved the technology infrastructure, enhanced the link with the branches to improve efficiency and speed of communication, and improved its surveillance capabilities. ADSM introduced a new website that facilitates access to details and comprehensive information for investors, brokers and listed companies.
During 2007, ADSM held a series of road-shows in London and New York aimed at introducing listed companies to a number of the largest asset management funds, financial analysts, investment funds and institutions in the UK and US to support investor relation activities, enhance transparency and promote the ADSM market .
To strengthen international exposure, ADSM signed a number of memorandums of understanding (MoUs) with Bahrain Securities Market, Singapore Exchange Limited (SGX), Hong Kong Exchanges and Clearing Limited (HKEx) and with Taiwan Stock Exchange aimed at enhancing and strengthening cooperation between ADSM and these exchanges, to facilitate cross-listings, and increase institutional participation Furthermore, ADSM signed an MoU with Damascus Securities Market, through which ADSM will assist in setting up the exchange in Damascus.
ADSM values the need for education and awareness programs, and organized a series of educational seminars and forums one of which was the “Leader ship Forum” that took place on March 7, entitled “Exchange Traded Funds – Challenges and Opportunities”, exploring the benefits of ETFs in the Gulf region. Conversely, ADSM participated in a number of relevant conferences, the most important of which were:- the conference organized by Bloomberg held in London that encouraged further cooperation with foreign companies and institutions, particularly financial markets through launching programs designed to attract banks and investment portfolios in the UAE.
- a forum held in Paris, to communicate with foreign institutions to promote the investment opportunities offered by ADSM to foreign investors
- ADSM participated in the “Third Arab Conference for Investment and Securities Markets” held in Damascus, which provided an opportunity to focus on the experience of neighboring jurisdictions in enhancing investment awareness and associated risks .
