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TDPel Media
TDPel Media
ADX adopts FTSE Russell’s Industry Classification Benchmark ABU DHABI, 21st March, 2022 – The Abu Dhabi Securities Exchange (ADX) will adopt today FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed equities as part of its strategy to align to global standards and attract more international investors. The introduction of the ICB is part of the transition of ADX indices to the co-branded FTSE ADX index series, under the strategic partnership between FTSE Russell and ADX. The adoption of ICB by the Exchange is aimed at providing greater market transparency, enabling accurat…