UAE: Abu Dhabi Stock Exchange Leads Arab Region in Increase in Market Value – News

Last week’s index jumped 3.6%, market value 3.03%



By WAM

Published: Sat 20 Aug 2022, 10:26

Last update: Sat 20 Aug 2022, 10:59 PM

The Abu Dhabi Stock Exchange (ADX) was the top performing Arab financial market last week, with its index jumping 3.6% and its market value 3.03%, according to the Arab Monetary Fund (AMF). ).

In its weekly report on the performance of Arab capital markets, the AMF noted that the market value of Arab stock exchanges increased by 2.5%, or some $110.64 billion ($110,637,836) at the end of from last week’s session.

The bulletin also highlighted the fact that the market value of the 13 Arab exchanges listed in the AMF database reached $4.58 trillion at the end of last week, compared to some $4.46 trillion at the end of last week. the end of the previous week.

The bulletin went on to highlight several positive factors that contributed to the rise in the performance indicators of several Arab stock exchanges. This included growth in trading and market values ​​on major exchanges, as well as their continued efforts to broaden the scope of listed companies in the primary and secondary markets over the past week, in addition to positive results from listed companies and more foreign companies. investment activity at institutional and individual levels.

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The bulletin pointed out that nine Arab exchanges saw increases over the past week, led by ADX at 3.6%, Dubai Financial Market at 2.35% and Qatar Stock Exchange at 2.75%. while stock exchanges in Saudi Arabia, Morocco, Syria and Palestine also recorded growths of between 1.2% and 1.95%, and stock exchanges in Tunisia and Jordan saw improvements of less than 1% .

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