MENA Newswire News Desk: The total market capitalization of Arab stock exchanges reached $4.268 trillion by the end of August 2024, reflecting a 0.52% growth from July 2024, according to the latest figures from the Arab Monetary Fund (AMF). This increase amounts to a rise of $22 billion in just one month, bringing the total up from July’s $4.246 trillion. Data from the AMF’s monthly bulletin shows that the Abu Dhabi Securities Exchange remains a significant player, with a market value of $763.9 billion.
The Dubai Financial Market followed with a capitalization of $197.4 billion. Saudi Arabia’s Tadawul, one of the region’s largest exchanges, recorded a market value of $2.727 trillion, representing the highest among the Arab bourses. Elsewhere in the region, the Qatar Stock Exchange posted a market cap of $162.5 billion, while the Boursa Kuwait came in at $138.8 billion. North African markets also contributed notably, with the Casablanca Stock Exchange at $73.8 billion and Egypt’s Exchange valued at $43.36 billion.
In smaller markets, the Muscat Stock Exchange reported a market cap of $63.8 billion, while Jordan’s Amman Stock Exchange registered $23.7 billion. The Bahrain Bourse recorded $20.19 billion in market value, and the Beirut Stock Exchange reported $19.2 billion. Further data revealed smaller yet vital contributors, including the Tunis Bourse, which recorded a market cap of $8.52 billion. The Damascus Securities Exchange and Palestine Exchange had market capitalizations of $5.95 billion and $4.07 billion, respectively. As Arab markets continue to grow, the AMF’s latest report highlights the resilience and recovery of stock exchanges across the region, amid varying economic conditions.