Home » The Arab Monetary Fund issues the “Weekly Bulletin of the Arab Capital Markets”.

The Arab Monetary Fund issues the “Weekly Bulletin of the Arab Capital Markets”.

by archyde


on September 29, 2022 | Time 9:20 am

Written by: Ashraf Al-Adi

Abu Dhabi, United Arab Emirates

The Arab Monetary Fund’s composite index of Arab capital markets ended last week’s trading, down by 0.45 percent, to reach about 497.42 points.

The Tunis Stock Exchange topped the Arab stock exchanges In terms of performance Its index rose by 0.81 percent, and the largest increase in the level of traded value was achieved as a result of the rise in the performance indicators of the banking, financial services, consumer materials and industry sectors.

The Iraqi Stock Exchange is leading the Arab stock exchanges on the level of high trading volume, reflecting the rise in the banking sector index

As part of its efforts to follow developments in the Arab financial markets, the Arab Monetary Fund issues the “Arab Capital Markets Weekly Bulletin” based on the fund’s database and data issued by Arab stock exchanges. The eighty-second issue of the bulletin indicated that the composite index of the Arab Monetary Fund for Arab financial markets recorded during the week ending on the twenty-third of September 2022 a decline of 0.45 percent, equivalent to 2.23 percentage points, to reach about 497.42 points, compared to its recorded level. On the sixteenth of September 2022.

Most of the Arab stock exchanges witnessed a decline in the week ending on the twenty-third of September 2022 in terms of performance indicators, similar to the declines witnessed by the majority of global financial markets, and a number of emerging stock exchanges alike, which came as a result of the continuing consequences of the decisions of the continuous hike in interest rates from ahead of central banks at the global and regional levels, in addition to the fluctuation recorded in international oil prices during the past week. The continuation of the consequences of global inflation waves and their impact on the developments of the global economy and the tendency of a number of international institutions to reduce expectations of growth rates, had an impact that contributed to the varying performance of Arab stock exchange indices.

In connection with the above, twelve Arab stock exchanges recorded a decline during the week ending on the twenty-third of September 2022. On the other hand, the performance indicators of two Arab stock exchanges recorded an increase during the past week, compared to the previous week. The Tunis Stock Exchange topped the Arab stock exchanges in terms of performance indicators, recording an increase of 0.81 percent as a result of the improvement in the performance indicators of the banking, financial services, consumer materials and industry sectors. The Casablanca Stock Exchange also witnessed an improvement of 0.49 percent.

At the level of the market value of the Arab financial markets included in the Composite Index database of the Arab Monetary Fund, it witnessed a decline of 1.54 percent, reflecting its decline in eleven Arab stock exchanges, compared to its increase in two Arab stock exchanges. The Abu Dhabi Securities Exchange topped the rise recorded at the level of market capitalization by 1.11 percent at the end of the week ending on the twenty-third of September 2022. The Casablanca Stock Exchange recorded an increase of 0.58 percent at the end of last week.

The value of Arab stock market trading witnessed a decline at the end of the week ending on the twenty-third of September 2022 by 26.32 percent, compared to the week ending on the sixteenth of September 2022, as a result of the decline in the value of trading in nine Arab stock exchanges. On the other hand, the value of trading recorded an increase in five Arab stock exchanges. The Tunis Stock Exchange recorded the largest increase in trading value by 410.75%. The stock exchanges of Amman, Bahrain and Iraq also recorded an increase of 26.25, 54.78 and 74.57 percent, respectively, while the Egyptian Stock Exchange witnessed an improvement of 8.91 percent.

In terms of the trading volume of Arab stock exchanges included in the Arab Monetary Fund database, it recorded an increase of 89.14 percent at the end of the week ending on the twenty-third of September 2022, as a result of its increase in six Arab stock exchanges, compared to a decline in nine other Arab stock exchanges. The Iraq Stock Exchange topped the Arab stock exchanges in terms of trading volume at the end of the week ending on the twenty-third of September 2022, and the Casablanca Stock Exchange recorded an increase of 511.04 percent, as well as the stock exchanges of Amman, Tunisia and Bahrain recorded an increase of 29.17, 35.81 and 214 .20 percent, respectively. While the Dubai Financial Market recorded an improvement of less than one percent at the end of last week.

The full version of the issue is available at the following link:

https://www.amf.org.ae/ar/publications/nshrt-aswaq-almal/alnshrt-alasbwyt-laswaq-almal-alrbyt-aldd-althany-walthmanwn

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