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22/09/2014 16:01 AST
DUBAI: The number of foreign institutional investors (FIIs) on the Abu Dhabi Securities Exchange has more than doubled in 2014 post the up gradation of the UAE index into an emerging market by the MSCI, the chief executive of the exchange said on Monday.
Foreign institutional investors have grown to 790 in 2014 from 381 in 2013, Rashed A. Al Blooshi, chief executive officer of the Abu Dhabi Securities Exchange said.
“Due to the upgrade, we have more liquidity and that has pushed the prices up,” said Blooshi.
The exchange also witnessed a “huge increase” in total number of investors in 2014 on the ADX. Total investors in 2014 rested at 14,700.
The exchange had to upgrade in terms of legal and technical requirement as required by the MSCI, and the exchange has seen positive results due to the reclassification.
In mid-May, Global markets index provider MSCI reclassified the MSCI UAE and MSCI Qatar Indexes from Frontier Markets to Emerging Markets, coinciding with the May 2014 Semi-Annual Index Review.
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Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
DARALARKAN | 13.47 | 74,648,349 |
ADX 4,608.97
23.76 (0.52
DFM 3,091.15
-9.24 (-0.30
Ticker | Price | Change |
---|---|---|
EMIRATESNBD | 10.65 | 0.05 (0.47 |
EIB | 9.50 | 0.00 (0.00 |
EMAAR | 5.61 | -0.03 (-0.54 |
EMAARMALLS | 2.16 | 0.00 (0.00 |
DIB | 5.30 | 0.00 (0.00 |
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