JUNE 2013 - FEAS

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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
FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2013ABU DHABI SECURITIES EXCHANGECAPITAL MARKET DEVELOPMENTAND ECONOMIC OUTLOOKADX Performance in 2012Shares & Market PerformanceADX General Market Index: at the end of 2012was (2,630.86) at a percentile change of (9.52%)in comparison to (2,402.28) in 2011.• The traded value in ADX decreased by(-10.78%) from AED (24.7) billion in 2011 to(22) billion in 2012. Moreover, the averagedaily traded value decreased by (-10.78%)from AED (98) million in 2011 to AED (87)million in 2012.• Trading volume increased by (3.4%) to (16.4)billion shares in 2012 comparison to (15.9)billion shares in 2011. The average dailytrading volume increased by (3.4%) to (65)million shares in 2012 comparison to (62.9)million shares in 2011.• During 2012, the number of executed tradeswas (258) thousand trades compared to(283) thousand transactions in 2011, adecrease that is (-8.71%).• ADX’s market capitalization has increasedfrom AED (261) billion at the end of 2011compared to AED (285) billion at the end of2012, with a percentile change of (8.86%).• The number of listed companies in 2012 was(66) compared to (67) at the end of 2011.During 2012. Fujairah Trade Center, whichis listed under Services sector, was delistedfrom ADX.• ADX’s listed companies are segmented intonine sectors according to their services andcertificate of incorporation as follows: theBanks sector includes (14) companies, theReal Estate sector includes (4) companies,the Consumer Staples sector includes (5)companies, the Investment and Financialservices sector includes (2) companies, theIndustry sector includes (13) companies,the Telecommunication sector includes (3)companies, the Services sector includes(6) companies, the Energy sector includes(2) companies, and the Insurance sectorincludes (17) companies.The Bond Market at ADX• The trading value in 2012 was AED (147)Million while the trading value in 2011 wasAED (85.7) Million. The trading volume in2012 was (1.6) million units in comparisonto (1) million units in 2011. There were 59traded deals in 2012 in comparison to 35deals traded in 2011.Exchange Traded Funds (ETF’s)• The Volume of ETF trading in 2012 reached(306.7) thousand units; while trading Valuewas AED (1.5) Million with 6 executed tradesin 2012, in comparison to a traded Volume of(476) thousand units in 2011 with a tradingvalue of AED (2) Million with 40 transactions.ADX Achievements 2012• Obtaining full membership of WorldFederation of Exchanges (WFE). ADXis the youngest stock market to gain fullmembership status in the prestigiousorganization since the the WFE’s inception inthe 1960s.• Launch of Trading System ReplacementProject. ADX signed an agreement withNASDAQ OMX to replace the current tradingsystem (Horizon) with a new trading system(Xstream)• Using Free Float to Calculate the Index. AFree-float index also reflects market trendsmore rationally as it takes into considerationonly those shares that are available fortrading in the market. It also makes theindex more broad-based by reducing theconcentration of the top few companies inthe Index• Using Call Auction Mechanism to calculateclosing price. The migration from the currentsystem of Volume Weighted AveragePrice (VWAP) will help ADX operate moreseamlessly with global systems.• Obtaining ISO 9001:2008 in QualityManagement.• Enhancing DVP ModuleKey Information ContactsAbu Dhabi Chamber of Commerce and Industry www.abudhabichamber.aeCentral Bank of UAE www.centralbank.aeAbu Dhabi Department of Planning and Economy www.adeconomy.aeCONTACT INFORMATIONContact Name Mr. Saif Sayah Al Mansouri E-mail saifm@adx.ae Website www.adx.aePAGE 19
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JUNE 2013 - FEAS

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