By: Mahmoud Gamal
Abu Dhabi – Mubasher: The UAE stock markets are expected to revive on Wednesday in line with the preparation for the listing of ADNOC Distribution on the Abu Dhabi Securities Exchange (ADX), analysts told Mubasher.
This listing of ADNOC Distribution will boost the general listing pace at the ADX after a calm time over the past three years.
ADNOC Distribution’s stock will be listed on the ADX under the ticker name of ADNOCDIST, included in the energy segment.
Listing an operating company like ADNOC Distribution will increase the ADX’s liquidity, revive the market, and boost its global entity, analysts added.
Return on distribution will reach 4.8% following the listing of ADNOC Distribution on the ADX, providing a good opportunity for investors with a medium-term outlook for the stock exchange, Capital market analyst Waddah Al Taha said.
