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MEDIA IN, Abu Dhabi, April 25, 2018 (WAM)
Abu Dhabi Securities Exchange (ADX) today announced that it has joined the list of companies that provide the technical short sale service in the market to be the third company to provide this service in the market.
During the ceremony, the bell rang in the presence of the company’s representatives and the executive management of the market and representatives of the management of Shuaa Capital as the new owner of the integrated securities company.
The Abu Dhabi Securities Exchange (ADX) launched last August the technical short sale service to be the first market to provide this service in the Gulf region, aiming to enhance investment liquidity and adjust prices according to their fair values and improve investment culture in line with global markets.
Rashed Al Baloushi, Chief Executive Officer of Abu Dhabi Securities Exchange (ADSM), said that the launch of the short technical sale was part of the implementation of the market strategy to increase the market value of listed equities and products and attract and activate a wide range of investors by diversifying their investment instruments. international markets.
Al Balushi added that the expansion of the provision of financial services and products comes in line with Abu Dhabi Economic Vision 2030 towards enhancing the investment environment in the emirate and attracting more foreign investments. He also expressed his pleasure to join the integrated list of companies that provide technical short sale service in the market
