Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

AMF: Arab Stock Exchanges Market Value Hit $4.176 Trillion by End of Nov.

Fri 09 Dec 2022 | 11:44 PM
Ahmed Moamar

The Arab Monetary Fund (AMF) revealed that the market value of the Arab stock exchanges reached $4 trillion, 176 billion, and 957 million at the end of last November.

And the fund mentioned - in the monthly bulletin of Arab financial markets that monitors 13 Arab stock exchanges, according to what was reported by the Emirates News Agency "WAM", that the Abu Dhabi Securities Market presented the Arab stock exchanges during the past month, with an increase in its market value by about $63.35 billion from $662.2 billion at the end of the year. October to $725.6 billion at the end of November.

The Dubai Financial Market gained about 2.82 billion dirhams during the past month, increasing its market value from 155.7 billion dollars to 158.5 billion dollars, and the Kuwait Stock Exchange rose by about 5.8 billion dollars, bringing its market capitalization to 159.05 billion dollars, while the Egyptian Stock Exchange gained about 4.28 billion dollars, bringing its market value to 35.4 billion. One billion dollars and the Muscat Stock Exchange increased its gains by about 1.62 billion dollars, to reach 61.09 billion dollars.

The Casablanca Stock Exchange added gains of about 471.3 million dirhams, bringing its market capitalization to 53.8 billion dollars, while the Damascus market gained about 258.9 million dollars, bringing its market capital to 1.9 billion dirhams, and the Palestine Stock Exchange gained 69.3 million dollars, and the Bahrain Stock Exchange increased by about 4.12 million dollars.

The bulletin stated that the market value of the Saudi financial market reached $2.724 trillion, the Qatar Stock Exchange $183.9 billion, and the Beirut Stock Exchange $13.35 billion.