MARKET INFORMATION
Abu Dhabi Securities Exchange (ADX)
http://www.adx.ae/

 

Trading Hours

Pre-opening session

09:30 – 10:00

Continuous Trading

10:00 – 14:45

Closing auction

14:45 – 15:00

Time Zone

GMT+4

Trading Days

Monday – Friday

Trading Currency

UAE Dirham (AED)

 

Main Index

Abu Dhabi Securities Market General Index includes all stocks listed in the market and weighted by free float market cap.

Reuters code

.ADI

Bloomberg code

ADSMI

Exchange Code

Reuters code

AD

Bloomberg code

UH

Trading ID/ Trading Requirements

National Investor Number (NIN)

Settlement Cycle

T+2

Current Index Status

MSCI EM - FTSE EM

Market Cap

USD817.5 bn
Average Daily Value Traded
YearAVG VALUE TRADED
2022 $483.5mn
2023 $345.4mn
MARKET DYNAMICS

Stock Limit Up/Down

+15%

from previous close

-10%

from previous close

when a stock reaches -5%, the stock goes to auction for 5 mins and if it reaches -9%, it goes to auction for 10 minutes.

USD Tick
Size

Price Range

Tick Size

From

To

0.001 AED 0.999AED

0.001AED

1 AED

9.99AED

0.01AED

10.0AED

49.98AED

0.02AED

50 AED 99.95AED

0.05AED

100 AED And Above

0.10AED

Board Lot

No board lots

Crosses

Crossing can be done in market spread during the regular trading hours. Trades above AED 30mn per nin cannot be executed before getting the market’s approval on the ticket size.

Official Closing
Price

Matched price in the closing auction or the last traded price prior to the auction in case no matching occurred in the auction.

Iceberg
Orders

Available

Closing Auction

It’s a 15 mins auction Closing auction
14:45 – 14:55 adding, amending and canceling are possible
14:55 – 15:00 Trading At Last

Off- Market
Crosses

Available with strict requirements pending the exchange’s approval

MARKET REGULATIONS
Foreign Ownership Restriction
Foreign ownership limit range from 15% - 100% of listed stocks, this may vary according to the articles of each company. Also it’s worth noting that in some cases, GCC investors are considered foreign. Some companies are totally restricted for foreigners. Further details on official website
Disclosure Rules
At 5% ownership of any listed company and at every additional 1% ownership, a disclosure is required and before reaching 30% ownership the market regulator approval is required.
In case the company in question is a bank then the Central bank approval is required before reaching 5%.
Securities Lending/ Short selling
Technical Short Selling has been introduced but it is effectively for the purposes of retail day-trading and not accessible unless an investor maintains custody at a domestic broker.
Covered short-selling has now been introduced but mechanisms are TBC.
Crossing Restrictions
Same nin crossing is available pending the exchange’s approval and valid
indefinitely
Timeline for New NIN Setup
10 minutes
Client Account Structure
* A dual account structure is standard in ADX. At the custodian each NIN will have a Registry Account and a Trading Account.

* Clients have the option of maintaining their inventory either in their Registry Accounts or their trading Accounts.

* Pre-validation must take place prior to the execution of sales – i.e. availability in the trading account must be confirmed pre-trade.

* If shares are not available in the trading account they must be transferred. Clients can either instruct their global custodians to undertake the transfer or a more expeditious option is to authorize a local/International broker to do so on their behalf (stock transfer should take no longer than 45 minutes).
Failing Trades
Sales: subject to a buy-in if trade fails to settle by 1pm (local time) on T +4

Purchases: subject to a sell-out if trade fails to settle by 1pm (local time) on T +4

Late settlement fees 75bps with minimum AED 1k and max AED 20k on T+3 & additional 75bps with minimum AED 2k and max AED 30k on T+4

Sell-outs take place on the normal market screens

Buy-ins take place on a separate platform which is open from 15:45 - 16:00

Bids will be placed and any sellers may offer blind at any price

Settlement of any sale in the buy-in market takes place on a T+1 basis
MARKET FEES & TAXES
Market Fees 2.5 bps
VAT Applicable on both market fees and broker commissions.
Currently levy 5%
Withholding Tax None
Capital Gain Tax None
Dividend Tax None