Abu Dhabi, UAE–The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of the Arab exchanges’ liquidity in last week’s trades.
According to a Arab Monetary Fund (AMF) weekly newsletter, Arab exchanges attracted liquidity amounting to nearly US$10.28 billion last week, of which ADX and DFM share amounted to nearly $2.009 billion.
The newsletter noted that ADX’s liquidity increased by 2.22 percent last week from US$1.489 billion to $1.522 billion, while DFM’s liquidity surged by 41.4 percent from US$344.4 million to US$486.06 million.
ADX, which is part of Abu Dhabi’s holding company ADQ, is the second-biggest bourse in the Arab world after Saudi Arabia’s Tadawul Stock Exchange with a total market capitalisation of $1.48 trillion.
Aldar Properties, First Abu Dhabi Bank, the country’s biggest lender by assets, Dana Gas and Adnoc Distribution, among others, trade on ADX, which has rallied more than 62 per cent in the last year.