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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008ABU DHABI SECURITIES MARKETRashid Al BloushiActing Director GeneralThe market capitalization of companieslisted at the ADSM at the end of 2007 wasUS$ 121 billion AED 444.9 billion with anincrease of 50%.At the end of 2007 the Abu Dhabi SecuritiesMarket (ADSM) had 64 companies listed,whereas, the number of listed companies atthe end of 2006 was 60. The index increasedfrom 2,999.66 in 2006 to 4,551.80 in 2007.The value of trading increased fromUS$ 19.2 billion (AED 70.6 billion) in 2006compared to US$ 47.7 billion (AED 175.3billion) in 2006, a decline of 26.26%. Moreover,the daily average value of trading in 2007increased to US$ 189 million (AED 695 million)compared to US$ 68 million (AED 250 million)in 2006. In 2007 there were 252 trading dayscompared to 282 days in the previous year.The number of shares traded in 2007increased to 52 billion shares compared to11 billion shares traded over the previous year2006, an increase of 360%. Moreover, the dailyaverage of traded shares also rose to around206 million shares compared with 40 millionshares in 2006.The number of executed trades which rose to1,102,658 trades compared to 715,742 tradesin 2006, an increase of 54%.The market capitalization of companies listedat the ADSM at the end of 2007 was US$ 121billion (AED 444.9 billion), compared to US$80 billion (AED 296.5 billion) at the end of2006 an increaseof 50%.FUTURE OUTLOOK• Continue activities to support growth inlistings, turnover and liquidity:• Encourage listing of family companiesand foreign companies• Increase system capacity to cope withgrowing market volumes• Enhance IT processes and informationdistribution• Enhance market standards in theareas of:• Corporate Governance• Capital adequacy and surveillance ofbrokers• Broker education and qualification• Further enhance registry and CSDservices• Expand the Bond Market• Link trading with other international SecuritiesMarkets• Strengthen regulations and rules including:• Commercial and capital market law• Securities Regulation• ADSM rules for listing, brokers andtradingCONTACT INFORMATIONContact Name Mr. Saeed KhaouriE-mail skhaouri@www.adx.aeWebsite www.adx.aePAGE 26
FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008ABU DHABI SECURITIES MARKETOFFICIAL 6 MONTH STATISTICSUS$ millions# Shares millionsTotal Volume Average Daily Volume Total Volume Average Daily VolumeStocksJan-08 9,684.48 461.17 8,923.41 424.92Feb-08 6,288.74 314.44 6,293.00 314.65Mar-08 4,125.54 196.45 2,494.31 118.78Apr-08 6,269.60 284.98 4,326.66 196.67May-08 8,673.94 413.04 7,570.16 360.48Jun-08 9,071.21 412.33 1,984.62 90.21TOTAL 44,113.51 347.07 31,592.16 250.95BondsJan-08 9.05 0.43 26.03 1.24Feb-08 4.27 0.33 4,530.11 348.47Mar-08 41.72 4.64 13.51 1.50Apr-08 0.00 0.00 0.00 0.00May-08 0.00 0.00 0.00 0.00Jun-08 0.00 0.00 0.00 0.00TOTAL 55.03 0.90 4,569.65 351.21OtherJan-08 0.00 0.00 0.00 0.00Feb-08 0.00 0.00 13.39 0.00Mar-08 0.00 0.00 0.00 0.00Apr-08 0.00 0.00 0.00 0.00May-08 0.00 0.00 0.00 0.00Jun-08 0.00 0.00 0.00 0.00TOTAL 0.00 0.00 13.39 0.00Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08Market Capitalization (US$ millions) 122,121.31 128,756.83 122,116.29 132,261.87 135,469.15 133,927.09Index 4,569.58 4,815.57 4,556.37 4,988.86 5,037.85 4,953.00PRACTICES & PROCEDURESTradingDaysHoursMarket segmentationSystemMechanismsMarket-maker/SpecialistsInstrumentsCurrencyReal time informationClearing & SettlementCentral DepositoryPeriodRegisteredSettlementClearingDVPClearing InstitutionRisk SharingMargin/LendingCustodiansSunday-Thursday10:00 - 10:30 Pre-opening Session10:30 - 12:30 Continuous TradingData not availableFully automated central limit order matching screentrading system with an associated electronic centralregister and clearing and settlement system.Data not availableData not availableData not availableData not availableReal-time internal communication systemsYesT+3 or lessRegisteredBook EntryNettingNo, 1 day or more difference between payment anddeliveryYes, wholly ownedYesNoOthersStructure & RegulationsLegalRegulationSecurities marketregulationsTrading rulesSurveillanceCorporate actionsTrading halts regulationsInvestor protectionForeign ParticipationForeign investorsInvestment limitationsRepatriationSpecific laws and rules that regulatethe Securities MarketSelf-regulatedDeveloped by the Exchange withthe Regulatory Institutions approvalExchange and GovernmentInstitutionYesN/ANoNoNo restrictions.No restrictions.No restrictions.TaxesCash DividendsInterest IncomeCapital GainsNoneNoneNonePAGE 27
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