Winners of Abu Dhabi University’s “Stock Market Competition 2014” awarded 30,000 AED

Three teams of business students recently won 30,000 AED for the innovative investment strategies they presented during the closing ceremony of Abu Dhabi University’s “Stock Market Competition 2014”. Organized by the University’s College of Business Administration in strategic collaboration with Abu Dhabi Securities Exchange, the competition attracted around 100 undergraduate business administration students from universities across the UAE, who formed 50 teams and traded AED 100,000 virtual cash in ADX’s online Stock Market Game implementing the most innovative investment strategies to gain the highest returns. 

5 teams of students who achieved the highest earnings were then chosen to present their investment strategies to a panel of expert judges, in the presence of Dr. Nabil Ibrahim Chancellor of Abu Dhabi University, Ghanem Al Dhaheri Deputy Chief Executive for Operations Affairs of Abu Dhabi Securities Exchange, Dr. Aly Nazmy Interim Provost and Dean of ADU’s College of Engineering, Dr. Jacob Chacko Dean of ADU’s College of Business Administration, Abdullah Al Nuaimi Manager of Market Surveillance Section at Abu Dhabi Securities Exchange, as well as several members of faculty and staff. 

Chancellor of Abu Dhabi University, Dr. Nabil Ibrahim explained that the University revered the mutual collaborative relationship it has with Abu Dhabi Securities Exchange. “Their support of the Stock Market Competition gave business students from across the UAE the unique opportunity of applying their analytical skills and theoretical knowledge in investing 100,000 AED within the virtual trading platform developed by ADX. Subsequently, after 23 days of trading and applying out-of-the-box investment strategies, the most distinctive tactics that brought in the highest investment returns and earnings were chosen, and from those, the 3 winning teams were selected”, said Dr. Ibrahim. 

Dr. Ibrahim lauded the participation of all student teams from various business school: “Their hard work, efforts and dedication throughout the span of the competition contributed in raising awareness on the importance of youths’ involvement in the business sector, investment and securities market”. 

On his part, On his part Rashed Al Blooshi, Chief Executive of ADX, said: "The students of today are the business, financial experts and investors of tomorrow, it is important to develop their investment skills to a level of maturity and effectiveness that contributes to the economic development of the UAE.  We believe that this initiative puts business students on the right path, and is an opportunity for them to showcase their investment skills and stock market savviness. The Stock Market Competition 2014 also reflects ADX’s awareness of the growing need to spread the culture of investment among the younger generations and to develop their skills and abilities as they represent the pillars of progress and development in the United Arab Emirates". 

Al Blooshi added: “Abu Dhabi University’s Stock Market Competition is a fine testament to the positive interaction between Abu Dhabi Securities Exchange, higher education institutions and society as a whole. It also reflects ADX’s keenness in enhance its role in community and social responsibility”. 

The three winning projects  of ADU’s “Stock Market Competition 2014”: 

- In first place with a prize of 15,000 AED, Safia Mohammed and Reem Ali from Abu Dhabi University’s College of Business Administration. 

- In second place winning 10,000 AED, from American University of Sharjah, students Abdullah Al Hamed, Zahra Al Fardan and Fahd Abdul Ghani. 

- While in third place with a prize of 5,000 AED, from ADU’s College of Business Administration students Rajah Shaher, Mouctraou Mouhamadou, Jibrin Liman and Gael Pergaut and Ali Aliyu.