Abu Dhabi Securities Exchange (ADX) said total trading value fell in the six months to June 30, as the coronavirus pandemic hit gulf markets.
ADX wants to attract more foreign investors, find high quality listings and develop its domestic investor base to support Abu Dhabi's economic recovery.
Abu Dhabi Securities Exchange said its total trading value fell to AED 40.7 billion in the six months to June 30, compared to AED 54.7 billion in the same period a year ago. Volumes were less impacted, with 14.2 billion shares traded in the first half, down from to 14.6 billion. The Abu Dhabi Exchange is the second-largest exchange in the region, behind Saudi Arabia's Tadawul. It plays host to the UAE's largest listed institutions including First Abu Dhabi Bank and Etisalat, and had a market capitalization of more than AED 600 billion at the close of trade on Monday.
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