ADX's main index breaches 10,000 mark for the first time
A. SREENIVASA REDDY (ABU DHABI)The main index of the Abu Dhabi Securities Exchange (ADX) — the FTSE ADX General Index (FADGI) — crossed the 10,000-point threshold for the first time in its history, marking a significant milestone for the emirate's capital markets.At the close of trading on Tuesday, the index ended at 10,006.87, after touching an intraday high of 10,026, underscoring continued investor confidence in Abu Dhabi equities. The index had previously breached the 10,000 mark on July 4, but only briefly before closing below that level.FADGI, launched in 2022 as part of a strategic index partnership between ADX and FTSE Russell, serves as the primary benchmark for tracking the performance of listed equities on the ADX Main Market. It includes all companies that meet eligibility requirements for liquidity and free float, offering a transparent view of the market's breadth.The index is a float-adjusted, market capitalisation-weighted benchmark that reflects the overall health of Abu Dhabi's economy, with representation across sectors such as real estate, banking, energy, and industrials. It is up 6.3% year-to-date, and approximately 9.7% over the past 12 months.The FADGI underpins multiple exchange-traded funds (ETFs) and structured investment products, and plays a crucial role in regional and global index inclusion efforts — notably with MSCI and the FTSE Global Equity Index Series.
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives.
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