Abu Dhabi Exchange’s ETF Trading Reaches $507M from January to August
ADX Solidifies Position as Leading ETF Market in MENA
Abu Dhabi Securities Exchange’s ETF Trading Hits $507 Million in 2024
September 2, 2024
The Abu Dhabi Securities Exchange (ADX) has registered considerable value and trading volume in exchange-traded funds (ETFs) since the beginning of the year, making it the most active and liquid ETF market in the Middle East and North Africa (Mena), according to ADX data reported as Wam.
The total amount of ETF trading on the platform in the first eight months of 2024 reached AED1.863 billion ($507 million).
According to ADX, this remarkable success and strong growth reinforces its position as a desirable location and critical regional center for ETFs, while also supporting its ambitious goals of attracting and listing ETFs from global providers.
The Wam statement said the exchange is continuing its efforts to expand investment products, improve its efficiency and improve its sustainable growth.
The volume of trade in exchange-traded index funds (ETFs) on the ADX has settled at around 450.7 million units since the beginning of the year, with the number of transactions reaching 19,853 transactions.
