Khaleej Times, Saturday, Aug 20, 2022 | Muharram 22, 1444
Abu Dhabi Securities Exchange tops Arab region in market value increase
Emirates: The Abu Dhabi Securities Exchange
(ADX) was the leading Arab financial market in terms of performance last week,
as its index surged by 3.6 per cent, and its market value by 3.03 per cent,
according to the Arab Monetary Fund (AMF).
In its weekly bulletin on Arab capital markets' performance, the AMF noted that
the market value of Arab stock exchanges rose by 2.5 per cent, equivalent to
some $110.64 billion ($110,637,836) at the end of trading last week.
The bulletin also highlighted the fact that the market value of the 13 Arab
stock exchanges listed in the AMF’s database rose to $4.58 trillion at the end
of last week, compared to some $4.46 trillion at the end of the previous week.
The bulletin then highlighted several positive factors that contributed to the
rise in performance indicators of several Arab stock exchanges. This included
the growth of trade and market values in the major stock exchanges, as well as
their ongoing efforts to expand the scope of companies listed in primary and
secondary markets over the past week, in addition to the positive results of
listed companies and more foreign investment activity at institutional and
The bulletin stressed that nine Arab stock exchanges witnessed an increase
during the past week, led by the ADX at 3.6 per cent, the Dubai Financial Market
at 2.35 per cent, and the Qatar Stock Exchange at 2.75 per cent while the stock
exchanges of Saudi Arabia, Morocco, Syria and Palestine also recorded growth
ranging from between 1.2 per cent and 1.95 per cent, and the stock exchanges of
Tunisia and Jordan witnessed improvements of less than 1 per cent.