Recent data revealed that the market value of the Arab and Gulf stock exchanges and financial markets increased by 0.63% during last week’s trading, with shares gaining about $116.5 billion.
According to Arab Monetary Fund data, the market value of 13 Arab and Gulf stock exchanges rose from the level of $4.1 trillion at the end of last week, to about $4.226 trillion at the end of last week’s trading, with weekly gains of about $26 billion.
At the top of the profitable markets and stock exchanges, the Abu Dhabi Securities Exchange came with an increase in the capital of listed companies by 6.1% during last week’s trading.
The market value of the companies listed on the Abu Dhabi market rose from the level of $693.3 billion at the close of trading the week before last, to about $735.7 billion at the end of trading last Thursday, bringing the weekly gains to about $42.3 billion.
And in second place came the Saudi stock market, in which the market value of the listed companies jumped by 2.8%, after the market capitalization increased from $2.6 trillion to $2.67 trillion at the end of the week. While the market capital of companies listed on the Amman Stock Exchange increased by 1.5% to reach $28.1 billion.
The market capitalization of companies listed on the Beirut Stock Exchange increased by 1.2% to $17.7 billion. Also, the market capitalization of the shares of companies listed on the Qatar Stock Exchange increased by 1.15% to reach $169.8 billion.
The market capitalization of shares of companies listed on the Muscat Stock Exchange rose 0.17% to $61.7 billion. Also, the market capitalization of the companies listed on the Palestine Exchange increased by 0.15% to reach $4.98 billion.
The market capitalization of companies listed on the Kuwaiti Stock Exchange rose to $152.5 billion, while the market capitalization of companies listed on the Casablanca Stock Exchange amounted to $52.9 billion.
Meanwhile, the market capitalization of companies listed on the Egyptian Stock Exchange declined to $34.4 billion. And the market capitalization of the shares of companies listed on the Bahrain Bourse settled to $30.5 billion. Also, the market capitalization of shares of companies listed on the Damascus Stock Exchange stabilized at $2.45 billion.
