Abu Dhabi – Mubasher: Nasdaq Dubai on Sunday welcomed the launch of futures trading on the Abu Dhabi Securities Exchange’s (ADX) general index.

Futures trading on the ADX’s general index would attract more foreign investors to Abu Dhabi’s capital market and boost the stock market of the UAE’s capital, Nasdaq Dubai said in a statement.

“Futures on the ADI provide important support for the ADX’s strategic plan 2016-2020, which includes diversifying the investor base and increasing market capitalisation,” ADX’s CEO Rashed Al Blooshi commented.

The ADI has soared 70% over the last five years, pushed up by the performance of listed companies in all sectors, especially the telecommunications, financial services, real estate, and energy sectors, the Dubai-based stock exchange added.

“The trading of ADI futures on our market is an important initial step that supports the expansion and development of both Nasdaq Dubai and the ADX to the benefit of regional and international investors,” Nasdaq Dubai’s CEO Hamed Ali said.