Arab Stock Exchanges Reach $4.268 Trillion Market Cap in August

The total market capitalization of Arab stock exchanges reached $4.268 trillion at the end of August 2024, reflecting a 0.52% increase from July, according to the Arab Monetary Fund (AMF).

This growth of $22 billion marks steady momentum in the region’s financial markets, with most major exchanges showing incremental increases.

The Abu Dhabi Securities Exchange led the market with a value of $763.9 billion, followed by the Dubai Financial Market at $197.4 billion. The Saudi Exchange, Tadawul, remains the largest with a market cap of $2.727 trillion, highlighting its dominance in the region.

Other notable stock exchanges include the Qatar Stock Exchange at $162.5 billion, the Boursa Kuwait at $138.8 billion, and the Casablanca Stock Exchange at $73.8 billion. Meanwhile, smaller markets such as the Muscat Stock Exchange, valued at $63.8 billion, and the Egyptian Exchange, at $43.36 billion, also contributed to the region’s overall growth.

The AMF's report also detailed the performance of smaller bourses, including the Amman Stock Exchange at $23.7 billion, the Bahrain Bourse at $20.19 billion, and the Beirut Stock Exchange at $19.2 billion. The Tunis Bourse, Damascus Securities Exchange, and Palestine Exchange rounded out the list with market caps of $8.52 billion, $5.95 billion, and $4.07 billion, respectively.

This positive trend across Arab exchanges demonstrates the resilience of the region's financial markets in the face of global economic fluctuations.

News Source: Emirates News Agency