[ad_1]
Photos are for illustration purposes.
Gulf Today, our reporter
The Abu Dhabi bourse and the Saudi bourse led the gains in the Arab bourses after adding more than $125 billion in market capitalization in trading last March, according to the Arab Monetary Fund (IMF).
The monthly report of the Arab Monetary Fund, which monitors the performance of 13 Arab stock exchanges, showed that Abu Dhabi’s securities market earned more than US$55 billion, and its market value increased from US$685.8 billion at the end of February to US$740.8 billion at the end of February. Last March.
The announcement shows that the revenue of the Saudi financial market exceeded US$70.2 billion, and the market value increased from US$2.59 trillion to US$2.66 trillion. The market value of the Dubai financial market reached US$162.3 billion, and the market value of the Qatar Stock Exchange reached US$162.7 billion.
According to the announcement, the Kuwait Stock Exchange has a market capitalization of about US$147.5 billion, the Muscat Stock Exchange exceeds US$62 billion, the Casablanca Stock Exchange US$53.1 billion, the Egyptian Stock Exchange US$33.9 billion, and the Amman Stock Exchange US$26.5 billion.
As of the end of March last year, the market capitalization of the Beirut Stock Exchange reached 18.8 billion U.S. dollars, the Tunisian Stock Exchange reached 7.86 billion U.S. dollars, the Palestinian Stock Exchange reached 4.99 billion U.S. dollars, the Damascus Stock Exchange reached 2.36 billion U.S. dollars, and the Khartoum Stock Exchange reached 2.04 billion U.S. dollars. One hundred million U.S. dollars.
In terms of performance, the indicators on the Arab Stock Exchange diverged, in line with the divergent state of global financial markets and some emerging markets affected by financial sector turmoil, which led to the bankruptcy of some international banks, and the recent decision of the Federal Reserve to raise interest rates, the report noted.
[ad_2]
Source link