2023-09-28 20:00:37
The UAE financial markets topped Arab stock exchanges during last week’s trading, according to the Arab Monetary Fund.
The Fund stated, in the weekly bulletin for the Arab financial markets, which monitors the performance of 13 stock exchanges, that the UAE markets achieved market gains last month exceeding $6.2 billion, distributed at $3.18 billion for the Abu Dhabi Securities Market and $3.08 billion for the Dubai Financial Market.
The bulletin stated that the market value of the Abu Dhabi Securities Market rose from $781.5 billion to $784.6 billion at the end of last week, while the market value of the Dubai Financial Market increased from $186.9 billion to more than $190 billion, and the market capitalization of the Saudi financial market reached 2.97 trillion. dollar.
The bulletin pointed out that the Egyptian Stock Exchange achieved market gains of about $1.37 billion, raising its market capitalization from $42.25 billion to $43.9 billion, while the gains of the Beirut Stock Exchange reached about $272.8 million, raising its capital from $18.36 to $18.6 billion.
According to the bulletin, the Amman Stock Exchange gained about $88.2 million, increasing its market capitalization from $23.7 billion to $23.8 billion, while the Damascus Stock Exchange gained about $66.1 million, increasing its 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, 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 dollars, while the capitalization of the Palestine Stock Exchange amounted to more than 4.9 billion dollars. The total market capitalization of the Arab stock exchanges reached about 4.487 trillion dollars by the end of last week’s trading.
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