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Rashid Al Baloushi: The total of female nationals' trading activities in Abu Dhabi Securities Exchange reached 105.3 billion Dirhams
Abu Dhabi - 31st of August 2016:
Since the establishment of Abu Dhabi Securities Exchange until the end of last June, the total value of trading activities carried out by female national investors in the Exchange has reached 105.3 billion dirhams, whereas the value of their trading has reached 2.1 billion dirhams during the first half of 2016. Moreover, the market value of the shares they own has reached 19 billion dirhams during the first half of 2016.
On his part, His Excellency Rashid Al Baloushi, CEO of Abu Dhabi Securities Exchange, mentioned that the activity of female nationals in the Exchange reflects the substantial role that Emirati women have begun to play in all of the economic activities in the United Arab Emirates through the support of the country's leadership led by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, who seeks to empower women and reinforce her role in the comprehensive development of the country.
There are more than 70,000 female national investors who hold an investor number at Abu Dhabi Securities Exchange, representing 55% of the total female investors at the Exchange.
The years following the establishment of Abu Dhabi Securities Exchange witnessed a dramatic increase in the percentage of female investors in the Exchange which indicates the important role that women play in the various economic activities alongside men, including investment in the Exchange's shares.
The CEO emphasized that the increase in female nationals' activity in the Exchange wouldn't have been able to reach such advanced levels if it wasn't for the continuous support from the UAE leadership to the Emirati women and its keenness to increase their participation in the development journey and strengthen their status in the society in general.
He added that the Emirati woman has become able to compete with the man effectively after assuming several positions or as an investor in several economic sectors that were previously dominated by men for a long time. Additionally, the economic openness, which is considered a fixed policy for the UAE, made the Emirati woman more aware and bold in managing her activities, whether through investment in the Exchange or the projects that she manages.
Furthermore, he said that the steady increase in the standard of living in the UAE has coincided with an increase in women's education levels which contributed to an increase in their participation in the job market leading them to occupy leadership positions that correspond to their educational qualifications, experience and competency. As a result of these fundamental changes in education levels and experience gained from the Exchange over the last years, women started to carry out investments in the financial markets by themselves rather than relying on their fathers or husbands to deposit their savings in the banks as the case was in the past.
Numerous obstacles have been removed that previously prevented women from entering the investment field and the number of female brokers has increased. Moreover, several brokerage companies have created special divisions that were specifically dedicated to women and that are equipped with trading rooms, display monitors for observing the prices, offers, requests and daily news. Additionally, female investors were given the opportunity to deal directly with female brokers and receive technical support regarding the situation in the market. The development that online trading services have witnessed has contributed to the provision of transactions within a framework that is more private and protected than before.
He also said that no doubt that investing part of women's wealth in the financial market has provided them with a good revenue especially since the majority of women carry out medium to long-term investment and prefer low-risk shares. Since women have a natural tendency to avoid risks as much as possible and look for safe investment, they often prefer to stay away from speculations.
Moreover, he stressed that there is no difference between men and women when to comes to exhibiting professionalism in dealing with the financial market. Investment requires knowledge and learning so that the investment decisions are built upon mind and logic rather than emotion. Investors should not feel panic when prices go down during the falling cycle or feel greedy and hope for continuous price recovery during the rising cycle. He who increases his/her knowledge and learning level shall have the ability to manage his/her investments effectively based on a specific strategy ensuring great rewards.
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About Abu Dhabi Securities Market (ADX)
The Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions.
These functions are:
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
At the end of 2015, ADX had 71 listed securities with a market capitalization of AED 447 billion (USD 122 billion). Those securities include 66 public joint stock companies, 2 private joint stock companies, 1 Exchange Traded Fund (ETF), 1 Abu Dhabi Government
Fund, and 1 convertible bond. ADX listed companies are allocated in nine sectors; Banking, Real Estate, Consumer Staples, Investment and Financial Services, Industrial, Telecommunication, Services, Energy, and the Insurance sector.
ADX allows for investors to trade through any of the registered brokerages at the exchange through advanced electronic automated services. ADX has also signed a number of agreements with major financial institutions to provide for custody services, including renowned international corporations; namely the National Bank of Abu Dhabi (NBAD), HSBC, Standard Chartered, Deutsche Bank and Citi Banking Group.
ADX goals are in line with Abu Dhabi Government Economic Vision 2030. The 2030 economic plan plays a vital role in ADX strategy since it places the financial market in the context of economic and social development. The development would be through diverting savings towards investment in the various economic sectors and developing the financial infrastructure of Abu Dhabi to transform the emirate into one of the leading finance and services center in the region.
In 2014, ADX was upgraded to 'Emerging Market' status by both MSCI index (Morgan Stanley Capital International) and S&P Dow Jones, thus greatly increasing the likelihood of inward global investment flows. ADX was already classified as an Emerging Market by FTSE in 2009 and in 2011 by S&P and Russell Investments.
In 2015, ADX won the Most Innovative Exchange GCC 2015 Award. The award, given by Capital Finance International, celebrates achievement, innovation from an international perspective, recognizing organizations with innovative technology products backed by strong management, excellent service standards and sound business models. Capital Finance International is a leading print journal and online resource reporting on business, economics, and finance.
For more information, please contact:
Adel Al Dhaheri
Manager of Corp.Comm. & Digital Mktg Relations
Abu Dhabi Securities Exchange
Telephone No: +971 (2) 612 8716
Fax No: +971 (2) 612 8728
Mobile No: +97150 622 12 66
E-mail address: adelm@adx.ae
Wafa Al Marzooqi
Marketing Officer
Abu Dhabi Securities Exchange
Email: almarzooqiw@adx.ae
Telephone: 02-6128746
© Press Release 2016
