Friday, October 6, 2023 – 1:29 PM
Abu Dhabi, 6 October / WAM / The financial markets in the United Arab Emirates and the Kingdom of Saudi Arabia accounted for about 77% of the total trading of Arab stock exchanges during the trading month of last September.
The Arab Monetary Fund stated, in its monthly bulletin for Arab financial markets, which monitors the performance of 14 stock exchanges, that the value of trading in the UAE and Saudi financial markets amounted to about $37.5 billion out of the total trading of Arab stock exchanges amounting to $48.8 billion during the past month.
The bulletin stated that the value of UAE financial market trades amounted to $8.5 billion last September, distributed at $5.9 billion for the Abu Dhabi Securities Market and about $2.58 billion for the Dubai Financial Market.
She pointed out that the value of trading in the Saudi financial market amounted to about 28.9 billion dollars, while the trading of the Egyptian Stock Exchange amounted to 5.32 billion dollars, the Qatar Stock Exchange amounted to 3.01 billion dollars, and the Kuwait Stock Exchange amounted to 2.52 billion dollars.
The value of trading on the Muscat Stock Exchange reached $132.9 million, the Amman Stock Exchange reached $112.5 million, the Beirut Stock Exchange reached $75.4 million, the Palestine Stock Exchange reached $72.7 million, the Bahrain Stock Exchange reached $27.6 million, the Real Estate Stock Exchange reached $17 million, and the Damascus Stock Exchange reached $7.3 million.
In terms of the market value of Arab stock exchanges, the Arab Monetary Fund bulletin indicated that the Abu Dhabi market recorded a growth of 4.1% to reach $776.5 billion, and the market value of the Dubai market increased by about 1.64% to $189.6 billion.
According to the bulletin, the market value of the Egyptian Stock Exchange increased by 7.6% to $44.4 billion, the Damascus Stock Exchange by 1.59% to $4.01 billion, the Qatar Stock Exchange by 0.3% to $165.9 billion, and the Amman Stock Exchange by 0.2% to $23.8 billion.
It stated that the capitalization of the Saudi financial market reached $3.04 trillion, the Kuwait Stock Exchange reached $133.07 billion, the Muscat Stock Exchange reached $61.07 billion, and the Casablanca Stock Exchange reached $58.9 billion.
The bulletin showed that the capitalization of the Beirut Stock Exchange was about $18.2 billion, the Tunis Stock Exchange was about $7.66 billion, and the Palestine Stock Exchange was worth $4.88 billion.
Dina Omar/Rami Samih
2023-10-06 09:29:00
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