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Trading Hours |
Pre-opening session |
09:30 – 10:00 |
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Continuous Trading |
10:00 – 14:45 |
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Closing auction |
14:45 – 15:00 |
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Time Zone |
GMT+4 |
Trading Days |
Monday – Friday |
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Trading Currency |
UAE Dirham (AED) |
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Main Index |
Abu Dhabi Securities Market General Index includes all stocks listed in the market and weighted by free float market cap. |
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Reuters code |
.ADI |
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Bloomberg code |
ADSMI |
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Exchange Code |
Reuters code |
AD |
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Bloomberg code |
UH |
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Trading ID/ Trading Requirements |
National Investor Number (NIN) & Investor Trading Account (ITA) |
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Settlement Cycle |
T+2 |
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Current Index Status |
MSCI EM - FTSE EM |
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Market Cap |
USD816.5 bn |
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| Year | AVG VALUE TRADED |
|---|---|
| 2023 | $345.4mn |
| 2024 | $369.8mn |
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
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Price Range |
Tick Size |
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From |
To |
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0.001 AED 0.999AED |
0.001AED |
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1 AED |
9.99AED |
0.01AED |
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10.0AED |
49.98AED |
0.02AED |
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50 AED 99.95AED |
0.05AED |
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100 AED And Above |
0.10AED |
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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
1- Big Blocks Mechanism: for a min of 1% of outstanding issued shares
2- Negotiated Deals Mechanism: Different categories based on the average daily trading value during the previous year
In case the company in question is a bank then the Central bank approval is required before reaching 5%.
Covered short-selling has now been introduced but mechanisms are TBC.
* A dual account structure is standard in ADX. At the custodian each NIN will have a Registry Account and a Trading Account.
* Although the dual account structure remains in place, for day to day business the securities balance are kept in the trading account and the registry acc is only used for circumstances when the sale is blocked eg when shares are pledged for collateral.
* No Pre-validation prior to the execution of sales – i.e. all shs are kept in the trading account
* Investor Trading Account (ITA): The investor's account under the Custodian is needed to setup new nins (clients can obtain this trading number from the local custodian)
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 15:15 - 15:30
Unsuccessful T+4 Buy-In will be subject to “Buyer Cash Compensation"
Settlement of any sale in the buy-in market takes place on a T+1 basis
| 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 |