The combined market capital of Arab stock exchanges reached an impressive sum of $4.583 trillion by the end of the previous week, according to the Arab Monetary Fund.
The fund’s weekly bulletin highlighted that the total market capital of Arab bourses surged by 1.27%, equivalent to an increase of $57.4 billion, from an earlier figure of approximately $4.526 trillion at the close of the prior week.
The bulletin further detailed the market caps of various significant Arab exchanges:
• Abu Dhabi Securities Exchange (ADX) was valued at $777.9 billion.
• Dubai Financial Market (DFM) stood at about $186.6 billion.
• The Saudi Stock Exchange (Tadawul) boasted a whopping $3.07 trillion.
• Qatar Exchange’s capital was estimated at $170.7 billion.
• Kuwait Stock Exchange followed at $137.5 billion, Oman’s Muscat Securities Market at $62.25 billion, and the Casablanca Stock Exchange in Morocco was valued at $61.9 billion.
• Other notable mentions include the Egyptian Exchange ($39.4 billion), Bahrain Bourse ($20.3 billion), Amman Stock Exchange in Jordan ($23.6 billion), Beirut Stock Exchange ($18.6 billion), Palestine Exchange ($4.98 billion), and the Damascus Securities Exchange in Syria at $3.97 billion.
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The Arab Monetary Fund’s composite index for Arab financial markets concluded its trading week ending on August 18, with a marginal increase of 0.06%, equating to a rise of 0.29 points, marking a total of approximately 489.25 points. This was in comparison to the week prior, reflecting varied performance indicators across the constituent Arab exchanges.
During this period, six Arab exchanges witnessed an upward trajectory in their performance metrics, while eight others experienced a decline. Notably, the Damascus Securities Exchange led the Arab markets in terms of performance metrics, recording an 11% surge. The Iraq Stock Exchange followed suit with a 5.5% uptick. The Egyptian Exchange also saw a rise, albeit at 1.5%, with exchanges in Muscat, Saudi Arabia, and Palestine each registering an improvement of less than 1%.
With these developments, the Arab financial markets paint a picture of robust growth and dynamic shifts, reflecting a vibrant economic landscape in the region.
