Dubai: The Abu Dhabi Securities Exchange had 258 Chinese investors of which 16 of them were institutions, its chief executive officer said.
The total trading value of Chinese investors represented around 10 per cent of Asian investors in 2015, whereas in 2014 the percentage was around 7.2 per cent. As for net investment, Chinese investors net investment represented around 9 per cent of the net investment of Asian investors, the ADX said in a statement.
Whereas the market value of shares owned by Chinese investors in ADX reached Dh105 million at end of third quarter of 2016, an increase of 9.3 per cent compared to the end of 2015.
Rashed Al Blooshi, Chief Executive of Abu Dhabi Securities Exchange (ADX), called on Chinese investors to seize the investment opportunities available in ADX, which is considered one of the best stock markets in the region in terms of return on investment.
According to Abu Dhabi Statistics Centre (SCAD), Abu Dhabi’s economy saw a 2.3 per cent growth year-on-year in the second quarter of 2016, as the emirate’s GDP reached Dh198.833 billion in second quarter of 2016, compared to Dh194.338 billion on the second quarter last year. Meanwhile, the GDP amounted to Dh194.358 billion in first quarter of 2016. Oil value added at constant 2007 prices amounted to Dh96.466 billion in the second quarter of 2016, representing 48.5 per cent of the emirate’s GDP.
Al Blooshi went on to highlight how Abu Dhabi government has launched huge development projects in order to sustain the level of growth and how the Emirate has made big strides in diversifying the economy which led to a surge in non-oil sectors contribution in the actual GDP to reach 51.5 per cent by the end of June 2016.
