JUNE 2013 - FEAS

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2013ABU DHABI SECURITIES EXCHANGEThe index increased from 2,402.28 in 2011to 2,630.86 in 2012.Rashed Al BaloushiDeputy Chief ExecutiveAt the end of 2012 the Abu Dhabi SecuritiesExchange (ADX) had 66 companies listed,whereas, the number of listed companies at theend of 2011 were 67. The index increased from2,402.28 in 2011 to 2,630.86 in 2012.The value of trading decreased from US$ (6billion) (AED 22.1) compared to US$ 6.7 billion(AED 24.8 billion) in 2011 to 2012, a decreaseof -10.78%. Moreover, the daily average valueof trading in 2012 US$ (23.9) million (AED 87.8million), compare to 2011 US$ 26 million (AED98 million). In 2011 and 2012 there were 252trading days.The number of shares traded in 2012 (16.4)billion shares compared to (15.9 billion) sharesin shares traded over the previous year 2011,an increase of 3.38%. Moreover, the dailyaverage of traded shares also increased to65 million shares in 2012 compared with 62.9million shares in 2011.The number of executed trades declined to258,620 trades in 2012 compared to 283,293trades in 2011, a decrease of-8.71%.The market capitalization of companies listedat the ADX at the end of 2012 was US$ (77.6billion) AED (285 billion). In 2011 was US$ (71.3billion) AED (262 billion) with an increase of3.6%.HISTORY AND DEVELOPMENTAbu Dhabi Securities Exchange (ADX) wasestablished in November 2000 as the officialstock exchange of the Emirate of Abu Dhabi,the Federal Capital of the United Arab Emirates(UAE). ADX is a market for trading securitiesincluding shares issued by public joint stockcompanies, bonds issued by governments andcorporations, exchange traded funds and anyother financial instruments approved by the UAESecurities and Commodities Authority (SCA).ADX has 68 listed Securities and a marketcapitalization of AED 249 Billion ($77 billionUS$) as of December 31th 2012 and an investorbase of 915,387 as of the end of 2012.Investors can trade securities listed on ADXthrough any of its registered brokers usingdifferent means of communication including theonline trading. ADX has custody agreementswith HSBC, National Bank of Abu Dhabi,Standard Chartered Bank, Deutsche Bank andCiti Bank.In alignment with the Abu Dhabi Government’sEconomic Vision 2030, ADX aspires to be theexchange of choice by developing the capitalmarket through legal environment that ensuresdisclosure, transparency and integrity.FUTURE OUTLOOKIn 2013 ADX will:• Implement a New Trading System (Xstream)• Provide Registrar services• Further Promote listed investment products• Have Central Bank as official SettlementBank• Further enhance DVPPAGE 18