Post by: Raman Preet
Photo : WAM
The Abu Dhabi Securities Exchange (ADX) has demonstrated its dominance as the leading market for exchange-traded funds (ETFs) in the Middle East and North Africa (MENA) region through impressive trading figures reported for the first eight months of 2024.
ETF trading on ADX has achieved a substantial total value of AED 1.863 billion. This figure underscores the exchange's significant role in the regional financial landscape. Additionally, ADX has reported a trading volume of approximately 450.7 million ETF units, distributed across 19,853 transactions during the same period.
This strong performance highlights ADX's growing prominence as a key hub for ETFs, reflecting its strategic objectives to attract and list a diverse array of ETFs from global issuers. The exchange's ongoing efforts to expand its investment product offerings, enhance operational efficiencies, and support sustainable growth are evident through these metrics.
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In broader regional market developments, the combined market capitalization of Arab stock exchanges exceeded $4.174 trillion at the close of the first half of 2024. This data reveals the significant scale and influence of these markets.
Among the Arab exchanges, the Saudi Exchange (Tadawul) led with a market capitalization of $2.68 trillion, reinforcing its status as the largest stock market in the region. The Abu Dhabi Securities Exchange followed with a market capitalization of $761.54 billion, while the Dubai Financial Market reported a market cap of $184.8 billion.
The robust performance of ADX in ETF trading and its prominent position in the regional stock market landscape reflect its strategic growth and continued appeal to global investors and issuers.
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