Foreigners Boost 1Q Trading on Abu Dhabi Exchange to 4-Year High
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The Abu Dhabi Securities Exchange witnessed a 151% surge in net foreign investment in the first quarter as it rolled out a new corporate structure, technology upgrades and a broader range of product offerings, Group Chief Executive Officer Abdulla Salem Alnuaimi said.
Foreigners bought and sold a total of about 70 billion dirhams ($19 billion) worth of securities listed on the exchange in the quarter, leading to a net flow of 8.54 billion dirhams, data for the January-March period showed. Foreigners accounted for 42% of trade on the bourse, a four-year high.