ADX sees ETF trading net Dhs1.86bn from Jan to Aug

Image: ADX

The Abu Dhabi Securities Exchange (ADX) has solidified its position as the most active and liquid market for exchange-traded funds (ETFs) in the Middle East and North Africa (MENA) region, recording significant trading value and volume since the beginning of 2024.

According to a report published by state news agency, WAM, ETF trading on ADX reached a total value of Dhs1.863bn during the first eight months of 2024.

The exchange also reported a trading volume of approximately 450.7 million ETF units across 19,853 transactions during this period.

ADX: A regional hub for ETFs

This robust activity highlights ADX’s growing stature as a preferred destination and a major regional hub for ETFs, aligning with its strategic goals of attracting and listing ETFs from global issuers.

The exchange continues to expand its range of investment products, enhance operational efficiency, and pursue sustainable growth.

Arab stock exchanges in H1 2024

In other news, the combined market capitalisation of Arab stock exchanges exceeded $4.174tn at the end of H1 2024, according to the latest data from the Arab Monetary Fund (AMF).

The AMF’s monthly bulletin detailed the market values of key exchanges across the region.

Leading the pack was the Saudi Exchange (Tadawul), with a market value of $2.68tn, solidifying its position as the largest in the region.

The Abu Dhabi Securities Exchange followed with a market cap of $761.54bn, while the Dubai Financial Market reached $184.8bn.

Read: Arab exchanges’ market cap crosses $4.17tn in H1, reveals AMF report