Abu Dhabi Bourse To Halve Trading Commissions, Second Cut This Year

Abu Dhabi / United Arab Emirates – The Abu Dhabi Securities Exchange (ADX) said on Saturday it would have its trading commissions to 0.025% from 0.05% from Sept. 1, the exchange’s second commission cut this year and the third three years.

Both ADX and Dubai Financial Market (DFM), in separate statements, also said they would extend trading hours by one hour from Oct. 3.

The trading hours extension should bring ADX into line with the operating hours of many exchanges globally, it said, part of moves to bolster market activity and to deepen market liquidity.

DFM said the move would attract wide and more diversified categories of investors.

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