Abu Dhabi Securities Exchange
Encyclopedia
Abu Dhabi Securities Exchange (ADX) (formerly Abu Dhabi Securities Market) [ADSM] (Arabic: سوق أبوظبي للأوراق ألمالية) is a stock exchange
in Abu Dhabi
, United Arab Emirates
(UAE). It was established on 15 November 2000 to trade shares of UAE companies. There are trading locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and Ras Al Khaimah. The Dubai Financial Market
(DFM) is a different exchange that trades shares of other public UAE companies but investors can also trade ADSM shares with some of the brokers based at DFM.
The ADSM has more companies listed than DFM but trading volume is usually much less. During 2004-2005 there was a substantial increase in share prices and trading activity. From the end of 2005 through until mid-2006 there was a significant downturn with the overall ADSM index dropping just over 30% in the first six months of 2006.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
in Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
, United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
(UAE). It was established on 15 November 2000 to trade shares of UAE companies. There are trading locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and Ras Al Khaimah. The Dubai Financial Market
Dubai Financial Market
The Dubai Financial Market is a stock exchange located in Dubai, United Arab Emirates. It was founded on March 26, 2000.There are about 57 companies listed on DFM, most of them are UAE-based companies and a few dual listings for companies based in other MENA region countries. Many companies allow...
(DFM) is a different exchange that trades shares of other public UAE companies but investors can also trade ADSM shares with some of the brokers based at DFM.
The ADSM has more companies listed than DFM but trading volume is usually much less. During 2004-2005 there was a substantial increase in share prices and trading activity. From the end of 2005 through until mid-2006 there was a significant downturn with the overall ADSM index dropping just over 30% in the first six months of 2006.
listed companies by sector
List provided by Emirates Securities & Commodities Authority (SCA), including 67 companies in 4 sectors, whereas Abu Dhabi Securities Exchange provides more sectors.Banking Sector
- ADCB: Abu Dhabi Commercial Bank
- ADIB: Abu Dhabi Islamic BankAbu Dhabi Islamic BankAbu Dhabi Islamic Bank is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates.-Establishment:Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997...
- ARABBANK: Arab Bank JordanArab BankArab Bank is one of the largest financial institutions in the Middle East. Established in Jerusalem in Palestine in 1930 as a small bank, it has evolved into a group with the largest worldwide Arab network with over 500 branches in 30 countries on five continents, participating in financial markets...
- BOS: Bank of Sharjah
- CBI: Commercial Bank International
- CIB: Commercial International Bank (Egypt) S.A.ECommercial International BankCommercial International Bank, or CIB, is an Egyptian bank headquartered in Cairo, Egypt. The bank is the largest private-sector lender in Egypt.- History :...
- FGB: First Gulf BankFirst Gulf BankFirst Gulf Bank is a publicly owned bank headquartered in Abu Dhabi, United Arab Emirates and owned by several sons of the late Sheikh Zayed bin Sultan Al Nahyan...
- FH: Finance House
- INVESTB: Invest Bank
- NBAD: National Bank of Abu DhabiNational Bank of Abu Dhabi-Sponsorships:NBAD Sponsored as the Official Bank of the 2010 Abu Dhabi Grand Prix, one of the most anticipated events in the international sporting calendar....
- NBF: National Bank of Fujairah
- NBQ: National Bank of Umm Al Qawain
- NBS: Sharjah Islamic BankSharjah Islamic BankSharjah Islamic Bank, formerly known as the National Bank of Sharjah, is a publicly listed Islamic bank headquartered in the emirate of Sharjah in the United Arab Emirates. The bank was established in 1976 and in 2004 converted into a fully Shariah compliant bank....
- NIB: Noor Islamic BankNoor Islamic BankNoor Islamic Bank was established in 2006 in Dubai, and is a Shari’a compliant commercial bank, owned by Emirates Investment Authority and Noor Investment Group LLC. It has a paid-up capital of USD 1 billion...
- RAKBANK: The National Bank of Ras Al Khaima
- UAB: United Arab Bank
- UNB: Union National BankUnion National BankUnion National Bank was established as a Public Joint Stock Company in 1982 and it is one of the leading domestic banks in the United Arab Emirates. The headquarters are in Abu Dhabi. The bank offers a variety of products and services, addressing needs ranging from basic requirements of...
Insurance Sector
- AAAIC: Al-Ain Ahlia Insurance Company
- ABNIC: Al Buhaira National Insurance Company
- ADNIC: Abu Dhabi National Insurance Company
- AKIC: Al Khazna Insurance Company
- AWNIC: Al Wathba National Insurance Company
- DHAFRA: Al Dhafra Insurance Company
- EIC: Emirates Insurance Company
- FNI: Al Fujairah National Insurance Company
- GCIC: Green Crescent Insurance Company (GCC)Green Crescent Insurance Company (GCC)Green Crescent is a non-life insurance conventional health insurance privately operated company in Abu Dhabi, United Arab Emirates. Started operations in August 2008 and listed in Abu Dhabi Securities Exchange in March 2009 with a share capital of AED250 million.-External links:*...
- RAKNIC: Ras Al Khaima National Insurance Company
- SICO: Sharjah Insurance Company
- TKFL: Abu Dhabi National Takaful Company
- UIC: United Insurance Company
- UNION: Union Insurance Company
- METHAQ: Methaq Takaful Insurance Co.
- NT: Noor TakafulNoor TakafulNoor Takaful was officially launched and opened to the public on 7 January 2009 in Dubai as a Shari’a compliant insurance company to support the growing needs of the UAE and the GCC economies. The company offers a range of personal and commercial insurance products with an emphasis on...
Services Sector
- AABAR: Aabar Petroleum Investments Company
- ADAVIATION: Abu Dhabi Aviation Company
- ALDAR: AL DAR properties
- ASMAK: International Fish Farming Company
- DRIVE: Emirates Driving Company
- ETISALAT: Emirates Telecommunications CompanyEtisalatEmirates Telecommunications Corporation, branded trade name Etisalat is a UAE based telecommunications services provider, currently operating in 18 countries across Asia, the Middle East and Africa...
- FTC: Fujairah Trading Centre
- GMPC: Gulf Medical Projects Company
- LIVESTOCK: LIVESTOCK Company Gulf
- NMDC: National Marine Dredging Company
- OEIHC: Oman & Emirates Investment Holding Company
- OILC: Oasis International Leasing Company
- PALTEL: Palestine Telecommunications Company
- QTEL: Qatar TelecommunicationsQtelQtel used to be the exclusive telecommunications provider in Qatar and is one of the largest public companies in Qatar with about 2000 employees. It was successfully launched on the Doha Securities Market in 1998 and listed on the London Stock Exchange in 1999, the Bahrain Stock Exchange in 2001...
- RAKPROP: Ras Al Khaima Properties Company
- SOROUH: Sorouh Real EstateSorouh Real EstateLocated in Abu Dhabi, Sorouh Real Estate PJSC is one of the largest real estate developers in the UAE, and currently has over AED 70 billion worth of projects under development.- Master Developments :...
- SUDATEL: Sudan Telecommunications Company LimitedSudatelSudatel is a telecommunications and Internet service provider in the Sudan. The company is responsible for the construction and maintenance of Sudan's telecom infrastructure. Sudatel is more than 60% owned by the Sudanese government; the remainder being owned by private interests...
Industry & Hotels Sector
- ADNH: Abu Dhabi National Hotels Company
- ADSB: Abu Dhabi Ship Building Company
- AGTHIA: Emirates Food Stuff & Mineral Water Company
- ARKAN: Arkan Building Materials Company
- BILDCO: Abu Dhabi National Company for Building Materials
- DANA: Dana GasDana GasDana Gas is an independent gas company headquartered in Sharjah, United Arab Emirates. The largest private shareholder in Dana Gas is Crescent Petroleum....
- FBICO: Fujirah Building Industries
- FCI: Fujirah Cement Industries Company
- FOODCO: Foodco Holding
- GCEM: Gulf Cement Company
- JULPHAR: Gulf Pharmaceutical Industries
- NCTH: National Corporation of Tourism
- QCEM: Umm Al Qaiwain Cement Industries Company
- RAKCC: Ras Al Khaimah Cement Company
- RAKCEC: Ras Al Khaimah Ceramics
- RAKWCT: Ras Al Khaimah Company for White Cement & Construction Materials
- RAPCO: Ras Al Khaimah Poultry & Feed Company
- SCIDC: Sharjah Cement & Industrial development Company
- TAQA: Abu Dhabi National Energy CompanyAbu Dhabi National Energy CompanyThe Abu Dhabi National Energy Company, PJSC is a government controlled energy holding company of Abu Dhabi, United Arab Emirates....
- UCC: Union Cement Company
External links
- ADX - Abu Dhabi Securities Exchange homepage
- SCA - Securities and Commodities Authority - UAE market regulator
- Dubai Share Talk - English discussion forum for UAE shares
- Share Wadi - UAE stocks and shares information for investors