26% increase in trading volumes compared to same period last year
130,000+ trades executed on both UAE Stock Exchange markets
Abu Dhabi, 26 July 2020: ADIB Securities, the leading Islamic brokerage firm in the UAE and a wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), has reported strong H1 2020 trading figures, processing a significantly higher number of transactions in what has proved to be one of the most volatile periods in UAE and international stock market history.
ADIB Securities processed over 130,000 trades in the first six months of 2020, an increase of 26% compared to H1 2019. Nearly 70% of these transactions were executed via the firm's digital trading platform, which provides instant access to regional and international markets, with clients favouring equities in the real estate, financial and technology sectors.
Khaled Kurdieh, General Manager at ADIB Securities, commented: "The first half of 2020 was extraordinary as the global pandemic triggered volatility across all asset classes. At ADIB Securities, we saw short-term traders capitalizing on market fluctuations, while long-term investors repositioned their portfolios to take advantage of the potential for higher dividend yields. During this market uncertainty, we were able to leverage our digital trading tools to protect the safety and well-being of our employees while enabling customers to trade remotely with confidence".
Ranked the number one Islamic brokerage in the UAE, ADIB Securities provides a range of products to accompany the bank's wealth management offering. ADIB Securities provides a best-in-class trading experience, with intuitive trading tools, expert insight, and competitive rates using state-of-the-art technology.
In addition, ADIB Securities' team of experienced professionals work closely with clients to complement the digital offering with personalised guidance. The firm allows clients to trade equities on US markets, including the New York Stock Exchange and NASDAQ, as well as providing access for customers to trade on the Saudi Stock Exchange (Tadawul), the Middle East's largest bourse.