Abu Dhabi Securities Exchange eliminates minimum trading commission fees

The Abu Dhabi Securities Exchange announced that it will abolish the minimum fees for trading commissions in all the securities listed on it as of today, August 31, in order to encourage individual investors to participate more in this market, which is considered among the world's best performing markets this year.

This decision comes in the wake of the market's recent announcement to reduce trading commissions by 50%, as well as extending trading hours for an additional one hour so that trading in the market continues until 3 pm.

These initiatives fall within the framework of ADX One's strategy, which was announced earlier this year, to enhance market activity and increase liquidity.

The decision to abolish the minimum fees for trading commissions in the Abu Dhabi Securities Exchange will allow for a larger number of small-scale trading operations that are usually carried out by individual investors.

The idea received positive feedback in informal surveys conducted among key stakeholders, "including investors, brokers and listed companies".

On this occasion, Saeed Hamad Al Dhaheri, CEO of the Abu Dhabi Securities Exchange, said: "The Abu Dhabi Securities Exchange is witnessing increasing momentum, and it provides global and local investors with high-quality access to the strong economic pillars in the region in general, and Abu Dhabi in particular. By waiving minimum fees and reducing With commission rates on all the securities listed in the market, we allow retail investors to trade less expensively, ensuring that they benefit from investment opportunities available to institutional investors. Thanks to enhanced liquidity and the expansion of our services and products, the Abu Dhabi Securities Exchange will undoubtedly become a more attractive market.”

The reduction of trading fees from 0.05% to 0.025%, which is effective as of early September, is the second that the market does during 2021 and the third within 3 years.. While the decision to extend trading hours will be implemented as of October 3 next.

The general index of the Abu Dhabi Securities Exchange recently rose to the level of 7,700 points for the first time, supported by a series of listings and the increased participation of international investors.

Moreover, the index has risen by 52% since the beginning of the year so far, making it one of the best performing stock indices in the world.

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