Abu Dhabi’s ADX records its highest rise in market value in Q2 2022; AMF

By Shilpa Annie Joseph, Desk Reporter
  • Follow author on
ADX
Representational Image

Abu Dhabi Securities Exchange (ADX) has recorded its highest rise in terms of market value and trading value at end of the second quarter of 2022, according to the Arab Monetary Fund (AMF).

The AMF revealed the details in its quarterly bulletin on the performance of Arab stock markets. The Fund noted that the ADX achieved an increase of $29.23 billion in terms of market value, rising from $513.19 billion at the end of the first quarter of 2022 to $542.42 billion in the second quarter of 2022.

The report also pointed out that the market value of the Dubai Financial Market increased by $24.45 billion, reaching $143.57 billion by end of the second quarter of 2022, compared to $119.12 billion in the first quarter.

The AMF report also noted that “the market value of Arab financial markets listed in its database dropped by about 2.86 percent, equivalent to nearly $126.89 billion, reaching some $4,311.93 billion by end of the second quarter of 2022, noting that most of the performance indicators of Arab stock exchanges witnessed consistent declines.”

Further, the report added that several Arab markets declined in performance due to interest rate rises by the US Federal Reserves and a number of international banks in the Arab region, as well as inflationary pressures.

The Arab Monetary Fund is an organization that aims to balance payments and promote trade to boost economic development between member nations.

Earlier this month, Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) launched ‘Tabadul’, the region’s first digital exchange hub. Based on the mutual market access model, Tabadul will allow investments and enable investors to trade directly on both exchanges through licensed brokers in both markets.

Related: UAE’s IFZA & CBD unite to offer exclusive banking solutions


YOU MAY LIKE