Thursday, November 24, 2022 – 4:54 PM
ABU DHABI, November 24, WAM/ The Arab Monetary Fund revealed that the market value of the Arab stock exchanges reached $4 trillion, 164 billion, and 371 million dollars at the end of last week.
The fund stated, in the weekly bulletin of Arab financial markets that monitors 13 Arab stock exchanges, that the market value of the Abu Dhabi Securities Market reached $689.09 billion, while the market value of the Dubai Financial Market reached $159.2 billion, with gains exceeding $1.27 billion.
According to the IMF bulletin, the market value of the Saudi Stock Exchange reached $2.74 trillion, the Qatar Stock Exchange $186.4 billion, the Kuwait Stock Exchange $160.5 billion, the Muscat Market $59.7 billion, the Casablanca Stock Exchange $52.49 billion, the Egyptian Stock Exchange $33.5 billion, and the Bahrain Stock Exchange $29.77 billion.
The market value of the Amman Stock Exchange amounted to $25.2 billion, the Beirut Stock Exchange $13.9 billion, the Palestine Stock Exchange $4.8 billion, and the Damascus Stock Exchange $1.86 billion.
The bulletin indicated that the value of trading in the Arab financial markets witnessed an increase of 4.94%, compared to the previous week, as a result of the increase in the trading value in seven Arab stock exchanges, and the Tunis Stock Exchange recorded the largest increases in the value of trading by 82.9%. Rates ranged between 30.23 and 40.6%, while the Abu Dhabi and Saudi stock exchanges witnessed an improvement of regarding 0.89 and 4.83%, respectively.
Abdel Nasser Menem / Ramy Samih
