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SHORT-SELLING SERVICE PLANNED

Foreign investments in ADX top $7 billion in H1

ABU DHABI, July 27, 2017

The total trading value of foreign investments in Abu Dhabi Securities Exchange (ADX) hit Dh26.9 billion ($7.3 billion) during H1, accounting for 47.3 percent of ADX total trade which amounted to around Dh56.5 billion, a report said.

The total trading value of foreign investments in Abu Dhabi Securities Exchange (ADX) hit Dh26.9 billion ($7.3 billion) during the first half of 2017, accounting for 47.3 percent of ADX total trading during the same period, which amounted to around Dh56.5 billion, a report said.

Foreign non-Arab investors topped the list with Dh15.9 billion of trades, followed by Arab investors with Dh6.5 billion, and GCC investors with Dh4.4 billion, reported Wam, the official Emirates news agency.

"The investment environment in ADX over the past few years has played a great role in increasing the market competitiveness for all segments of investors. ADX main strategic goals are to increase market cap and product range, attract and activate a wider range of investors in the framework of enhancing the competitive environment for doing business and attracting investment into the Emirate," said Rashed Al Blooshi, ADX chief executive.

Al Blooshi added that ADX will launch new services later this year, including the technical short-selling service.

The total number of investors in ADX by the end of first half of 2017 reached 961,000 investors, with 2,276 new investor numbers having been issued, including 2020 for individuals and 256 for institutions.




Tags: foreign investments | ADX | Abu Dhabi Securities Exchange |

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