The Arab Monetary Fund (AMF) has reported a significant milestone in the region’s financial markets, with the combined market capitalisation of Arab stock exchanges surpassing $4.5 trillion in February, marking a notable increase from the previous month’s $4.4 trillion.
Leading this surge is the Abu Dhabi Securities Exchange, boasting a market capitalization of $775.1 billion, followed closely by the Dubai Financial Market at $198.8 billion and Saudi Arabia’s “Tadawul” at $2.983 trillion.
Other notable performers include the Qatar Stock Exchange ($165.8 billion), Kuwait Stock Exchange ($143.2 billion), and the Casablanca Stock Exchange in Morocco ($66.7 billion).
Egypt’s Egyptian Exchange recorded a market capitalisation of $64.7 billion, while the Muscat Securities Market in Oman followed with $61.7 billion.
Rounding off the list, the Amman Stock Exchange in Jordan posted $24.1 billion, Bahrain Stock Exchange at $20.9 billion, Beirut Stock Exchange at $18 billion, Tunis Stock Exchange at $7.7 billion, Damascus Securities Exchange at $5.68 billion, and the Palestine Stock Exchange at $4.38 billion.
The AMF’s data underscores the region’s growing significance in the global financial landscape, offering investors diverse opportunities across various sectors. As Arab stock exchanges continue to demonstrate resilience and attract investment, they play an increasingly vital role in driving economic growth and prosperity within the region and beyond.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
18th March, 2024
