Thursday 24 November 2022 – 4.54pm
ABU DHABI, November 24, WAM/ The Arab Monetary Fund has revealed that the market value of Arab stock exchanges has reached $4 trillion, $164 billion, $371 million at the end of last week.
The fund said in the Arab Financial Markets Weekly Bulletin which 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 earnings exceeding $1.27 billion.
According to the IMF bulletin, the market value of the Saudi stock exchange reached 2.74 trillion dollars, the Qatar stock exchange 186.4 billion dollars, the Kuwait stock exchange 160.5 billion dollars, 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 was $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 of dollars.
The bulletin indicated that the value of trades in Arab financial markets recorded a 4.94% increase compared to the previous week, following the increase in the value of trades in seven Arab exchanges, with the Tunis Stock Exchange recording the largest increase of trading value by 82.9% Rates fluctuate between 30.23 and 40.6%, while the Abu Dhabi and Saudi stock exchanges recorded an improvement of approximately 0.89 and 4.83% respectively.
Abdel Nasser Menem / Ramy Samih
