Latest news with #FTSEGlobalEquityIndexSeries
Al Etihad
07-07-2025
- Business
- Al Etihad
ADX's main index breaches 10,000 mark for the first time
7 July 2025 19:05 A. SREENIVASA REDDY (ABU DHABI)The main index of the Abu Dhabi Securities Exchange (ADX) — the FTSE ADX General Index (FADGI) — crossed the 10,000-point threshold for the first time in its history, marking a significant milestone for the emirate's capital the close of trading on Tuesday, the index ended at 10,006.87, after touching an intraday high of 10,026, underscoring continued investor confidence in Abu Dhabi equities. The index had previously breached the 10,000 mark on July 4, but only briefly before closing below that launched in 2022 as part of a strategic index partnership between ADX and FTSE Russell, serves as the primary benchmark for tracking the performance of listed equities on the ADX Main Market. It includes all companies that meet eligibility requirements for liquidity and free float, offering a transparent view of the market's index is a float-adjusted, market capitalisation-weighted benchmark that reflects the overall health of Abu Dhabi's economy, with representation across sectors such as real estate, banking, energy, and industrials. It is up 6.3% year-to-date, and approximately 9.7% over the past 12 FADGI underpins multiple exchange-traded funds (ETFs) and structured investment products, and plays a crucial role in regional and global index inclusion efforts — notably with MSCI and the FTSE Global Equity Index Series. FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives. Stock Markets Continue full coverage
Al Etihad
27-05-2025
- Business
- Al Etihad
Lulu Retail to join FTSE Global Equity Index Series
27 May 2025 14:04 A. SREENIVASA REDDY (ABU DHABI)Lulu Retail Holdings, the region's largest full-line retailer, has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), a key global benchmark developed by FTSE Russell, a subsidiary of the London Stock Exchange inclusion will take effect from June 23, 2025, subject to final confirmation by June 6, a statement from the company move comes after Lulu's successful initial public offering (IPO) in Q4 2024, which attracted robust demand from local, regional, and international was listed on the Abu Dhabi Securities Exchange (ADX) at Dh2.04, and the stock is now trading at around Dh1.35. Despite the fall in price, the scrip enjoys high liquidity in the market cap stands at Dh13.94 billion, according to the latest ADX will be included in several prominent indices under the FTSE GEIS umbrella, namely the FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices, the statement said. These indices are widely tracked by institutional investors globally and serve as essential tools for benchmarking equity performance and allocating FTSE Global Equity Index Series offers a comprehensive representation of global equity markets by covering companies across 49 developed and emerging markets. The indices are structured to include companies by market capitalisation tier—ranging from large-cap to micro-cap—and are reviewed quarterly to ensure they reflect current market conditions. Index constituents are determined based on factors such as market capitalisation, liquidity, and free in an FTSE GEIS index is often seen as a milestone for listed companies, as it enhances global visibility and can drive increased capital inflows from passive and active funds benchmarked to these on the announcement, Saifee Rupawala, CEO of Lulu Retail, said, "Our inclusion in the FTSE Global Equity Index Series is a landmark achievement and underscores the strength of our retail model, operational scale, and the trust investors have placed in our vision. It enhances our visibility on the global stage and opens new avenues for engagement with long-term international capital." Founded in 1974, Lulu Retail operates 255 stores across all six GCC countries, including hypermarkets, express stores, and mini-markets. The company also has a growing digital presence through mobile and online platforms. Source: Aletihad - Abu Dhabi
