2023-09-28 15:19:31
Dubai, September 29, 2023 (Xinhua) The UAE’s financial markets topped Arab stock exchanges during last week’s trading, according to the Arab Monetary Fund.
The Fund stated in its weekly bulletin on the Arab financial markets, which monitors the performance of 13 stock exchanges, that the UAE markets achieved monthly gains exceeding $6.2 billion, distributed by $3.18 billion for the Abu Dhabi Securities Exchange and $3.08 billion for the Dubai Financial Market.
The bulletin stated that the market capitalization of the Abu Dhabi Securities Exchange rose from $781.5 billion to $784.6 billion at the end of last week.
While the market capitalization of the Dubai Financial Market increased from $186.9 billion to more than $190 billion. The market capitalization of the Saudi financial market reached $2.97 trillion.
The bulletin indicated that the Egyptian Stock Exchange achieved market gains worth about $1.37 billion, raising the value of its market capitalization from $42.25 billion to $43.9 billion.
The Beirut Stock Exchange’s gains amounted to about $272.8 million, raising the capital from $18.36 billion to $18.6 billion, according to the bulletin.
The Amman Stock Exchange also achieved gains worth about $88.2 million, increasing the value of the market capitalization from $23.7 billion to $23.8 billion. The Damascus Stock Exchange achieved gains worth about $66.1 million, raising the capital from $3.96 billion to $4.03 billion.
The bulletin stated that the market capitalization of the Qatar Stock Exchange reached $166.27 billion, while the market capitalization of the Kuwait Stock Exchange reached $134.03 billion, the Muscat Stock Exchange reached $61.07 billion, and the Casablanca Stock Exchange reached $59 billion.
The Arab Monetary Fund bulletin stated that the market capitalization of the Bahrain Stock Exchange amounted to $20.09 billion, while the market capitalization of the Palestine Stock Exchange exceeded $4.9 billion. The total market capitalization of Arab stock exchanges amounted to about $4.487 trillion at the end of last week’s trading. /end of news/
1695918055
#UAE #financial #markets #topped #Arab #stock #exchanges #trading #week