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The index rose 3.6% last week, and the market value rose 3.03%
According to the Arab Monetary Fund (AMF), the Abu Dhabi Stock Exchange (ADX) was the leading Arab financial market in terms of performance last week, with its index surging 3.6% and its market capitalisation up 3.03%.
In its weekly bulletin on the performance of Arab capital markets, the AMF noted that the market capitalization of the Arab stock exchange was up 2.5 percent by the close of trading last week, equivalent to about $110.64 billion ($110,637,836).
The announcement also highlighted that the market capitalization of the 13 Arab stock exchanges listed in the AMF database rose to $4.58 trillion at the end of last week, compared to around $4.46 trillion at the end of last week.
The announcement then highlighted a number of positive factors that contributed to the rise in the performance indicators of several Arab stock exchanges. This includes trade and market capitalisation growth on major stock exchanges and their continued efforts over the past week to expand the scope of companies listed on the primary and secondary markets, in addition to positive results from listed companies and more foreign capital. Investment activities at the institutional and individual levels.
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The announcement highlighted that nine Arab stock exchanges rose in the past week, with ADX up 3.6%, Dubai Financial Market up 2.35%, Qatar Stock Exchange up 2.75%, while Saudi Arabian Stock Exchange, Morocco, Syria and Palestine also recorded gains Between 1.2% and 1.95%, the stock exchanges in Tunisia and Jordan witnessed growth of less than 1%.
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