Stocks listed on the ADX will be available on eToro’s investment platform in 2025
Investment platform eToro announced on Monday that it has reached an agreement with the Abu Dhabi Securities Exchange (ADX) to add several ADX-listed stocks to its platform starting in 2025.
Agreement Details
eToro users will soon be able to invest in several companies listed on the Abu Dhabi Securities Exchange (ADX), across sectors like energy, real estate, banking, finance, technology, and healthcare.
George Naddaf, eToro’s Managing Director for the MENA region, said the agreement marks the platform’s first anniversary as a licensed broker in the UAE. He added that eToro’s data shows 42% of retail investors in the UAE already invest in ADX-listed stocks, and 80% expect market growth in the next year.
eToro also noted that the ADX General Index has grown by 75% since 2021, making it one of the top four performing stock exchanges globally.
Abdulla Salem Alnuaimi, CEO of ADX, said the partnership with eToro would give over 38 million users easy access to leading ADX-listed companies, boosting market liquidity and supporting Abu Dhabi’s role as a top investment destination.
Founded in 2007, eToro now allows users from 75 countries to trade stocks from more than 20 exchanges worldwide.
Similar Moves
ADX has made several efforts in recent years to attract investors and improve market liquidity.
Last year, it partnered with BNY Mellon to support dual listings for international companies, allowing them to list first in the US and later expand globally.
In 2022, ADX introduced the FTSE ADX Growth Market Index in partnership with FTSE Russell to help investors track emerging companies in the UAE.
Big Numbers
ADX saw a 160% increase in ETF trading values in 2023, surpassing $1.4 billion (AED 5 billion). Trading volumes also jumped 205%, reaching one billion units.
Published: 9th December 2024
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