Abu Dhabi Waives Minimum Commission Fee on Listed Securities Trading

  • Publish date: Thursday، 22 December 2022
Related articles
Six Omanis Make it to Forbes Middle East's Top Businesswomen List
UAE-Oman Rail Network Set to Boost Collaboration and Growth
How to Get a Visa for Oman

The Abu Dhabi Securities Exchange (ADX) has announced it waived its minimum commission fee on trades in all listed securities starting today 31st August.

The decision follows the announcement on Saturday of a 50% reduction in trading commissions along with an extension of market opening hours by one hour to 3 pm.

Meanwhile, the decision to extend trading hours will be implemented from 3rd October.

Read More: Ski Dubai To Host The Region's First Snow Volleyball Tournamet

Read More: UAE Fuel Prices to Be Reduced in September

The removal of the minimum commission fee will facilitate higher volumes of small trades, typically undertaken by individual investors. The idea has been met with positive feedback in informal soundings among key stakeholders, including investors, brokers and listed companies.

The reduction in trading fees to 0.025% from 0.05%, which will take effect on 1st of September, is the exchange’s second commission cut in 2021, and the third in three years.

The Abu Dhabi Securities Exchange General Index (ADI) has recently reached 7700 points for the first time, supported by a series of listings and increased participation by international investors. In addition, the index has gained 52% year to date, making it one of the best performing equity indexes in the world.

This article was previously published on UAE Moments.To see the original article, click here

Related articles