ADX reduces trading commissions by 50% and extends trading hours to improve market liquidity

The Abu Dhabi Stock Exchange (ADX) has reduced its trading commissions by 50% and extended trading hours by one hour. The market opens at 10 am and closes at 3 pm.

The reduction in transaction fees from 0.05% to 0.025% will take effect on September 1. This is the exchange’s second commission cut in 2021 and the third in three years. At the same time, the decision to extend trading until after the previous close at 2 pm will be implemented from October 3rd, which will align ADX with the business hours of many exchanges around the world. The exchange’s latest move is part of the ADX One strategy announced at the beginning of this year, aimed at strengthening market activity and deepening market liquidity.

Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Stock Exchange, said: “We are very pleased to respond to calls from investors, issuers and intermediaries to reduce trading commissions and extend trading hours, which reflects the increase in trading demand Abu Dhabi Listed companies. ADX provides unique and high-growth investment opportunities in a strict regulatory, tax-free and stable business environment. Our open expansion will help attract more international investment.”

Saeed Hamad Al Dhaheri, Chief Executive Officer of the Abu Dhabi Stock Exchange, said: “The significant reduction in trading commissions and the extension of our business hours align ADX with international practices and help us achieve the main goal of the ADX One strategy, which is to increase liquidity. And increase our market value. Fee reductions and extensions complement our unremitting efforts over the past year, aiming to provide issuers and investors with the most popular products and services. With the launch of the ambitious ADX One strategy announced at the beginning of the year , We will continue to cultivate liquidity on the exchange.”

It is worth noting that the Abu Dhabi Stock Exchange Composite Index (ADI) recently exceeded 7,700 points for the first time, supported by a series of listings and increased participation by international investors. In addition, the index has risen 51% so far this year, making it one of the world’s best-performing stock indexes.