Abu Dhabi – Mubasher: The market value of the Arab financial markets, which are included in the database of the Composite Index of the Arab Monetary Fund, increased at the end of the week ending on May 12, 2023, by about 2.81 percent, compared to the previous week.
The Arab Monetary Fund said in the weekly bulletin of the Arab financial markets, that this is the result of an increase in 7 Arab stock exchanges, compared to a decline in 6 other Arab stock exchanges.
The Damascus Stock Exchange topped the recorded rise in the market value by 9.05 percent, and the Casablanca and Saudi Stock Exchanges recorded an increase of about 3.46 and 4.57 percent, respectively.
The value of trading in Arab financial markets at the end of the week ending on May 12, 2023 decreased by about 5.24 percent compared to the previous one, as a result of a decrease in the trading value in six Arab stock exchanges, compared to an increase in eight other stock exchanges.
The Damascus Stock Exchange recorded the largest increases in trading value by 174.39 percent, and the Beirut Stock Exchange witnessed an increase of 41.20 and 46.01 percent, respectively.
The trading volume of Arab stock exchanges included in the Arab Monetary Fund database increased by 148.70 percent, as a result of an increase in nine Arab stock exchanges.
The Casablanca Stock Exchange led the Arab stock exchanges in terms of trading volume by about 576 percent, and the stock exchanges of Damascus, Iraq and Beirut recorded increases of 117.37, 388.30 and 479.11 percent, respectively.
The stock exchanges witnessed rates ranging from Oman, Egypt, Bahrain, Qatar and Saudi Arabia, with an increase of 10.14 and 66.05 percent.
To trade and invest in Gulf stock exchanges, click here
nominations:
Infographic.. the 10 most powerful travel and tourism leaders in the Middle East 2023
Infographic.. the 12 largest countries with oil reserves in the world
