American traders’ ADX activity drops

American investors among most active on Abu Dhabi Securities Exchange with more than 2,000 individuals

American investors net investments on Abu Dhabi Securities Exchange (ADX) fell to Dh960 million in the first half compared to Dh2.2 billion in the same period last year, and was ranked first among foreign investors in terms of net investment.

Rashed Al Blooshi, Chief Executive of the ADX said that American investors are among the most active in the exchange with over 2,000 individuals and more than 1,500 institutions with their total trading value (buy + sell) exceeding Dh7.5 billion in 2016 and Dh3.7 billion during the first half of 2017, while their market value of shares exceeded Dh10.9 billion by end of first half of 2017.

Al Blooshi highlighted that the net profit of companies listed on ADX amounted to Dh22.2 billion during first half of 2017, with the cash dividend distributed by the listed companies in 2017 was round Dh22 billion which is an increase of around 3 per cent from the previous year. He also remarked that ADX offers one of the highest cash dividend yields in the world with around 5.8 per cent.

“ADX offers such an attractive investment opportunity in virtue of the stable economic and legislative structure in which it operates. In Abu Dhabi we are fortunate to have the high growth investment opportunities afforded by a developing economy whilst also providing investors with the security of a regulatory environment similar to those found in more established markets,” Al Blooshi said.

The comments were made at a briefing about ADX at the American Chamber of Commerce, Abu Dhabi (AmCham).

The briefing was concluded with a walk-through of how to open an investor account with ADX. Participants were also introduced to some of the technological innovations introduced by ADX, including a comprehensive website, mobile application, smart watch and smart terminals, as part of the Exchange’s ongoing efforts to improve accessibility for investors.