2023-10-12 05:59:12
Abu Dhabi – Mubasher: Trading values on ETFs on the Abu Dhabi Securities Market jumped by 364 percent since the beginning of this year until last Tuesday’s session.
According to Abu Dhabi Securities Market data, trading values on funds amounted to regarding 4.507 billion dirhams as of last Tuesday’s session, compared to regarding 971 million dirhams during the same period last year.
Trading volumes on exchange-traded funds in the market increased by 405.8 percent to reach 815.7 million units, compared to regarding 161.2 million units during the same period in 2022. According to the Emirates News Agency, WAM.
The volume of transactions on exchange-traded funds in the Abu Dhabi market increased by 284.2 percent, jumping to 30.8 thousand transactions, since the beginning of this year, compared to regarding 8,025 transactions in the same period last year.
Trading in these funds continues to rise, supported by the market’s advanced infrastructure and its strategy to continue innovation, enhance and expand its investment options and solutions, especially following it recently launched the new commercial identity for the ETF market.
It is noteworthy that last June, the Abu Dhabi Market listed the units of the Chimera Fund – Standard & Poor’s China Hong Kong Sharia Trader Fund, to track the movement of Chinese shares compatible with Islamic Sharia listed on the Hong Kong Stock Exchange.
Also listed last November was the Chimera FTSE Abu Dhabi Market 15 fund, which follows the Vadax 15 index, while an index-traded fund tracking the movement of Sharia-compliant stocks listed on the Istanbul Stock Exchange was listed last August.
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