The market value of the Arab financial markets increased by 0.43 percent at the end of the week ending on the twenty-first of July 2023, compared to the week ending on the fourteenth of July 2023, as a result of an increase in eleven Arab stock exchanges, compared to a decline in two stock exchanges.
And according to the weekly bulletin of the Arab financial markets issued by the Arab Monetary Fund, the Amman Stock Exchange led the rise recorded at the level of the market capitalization by 2.73 percent.
The stock exchanges of Casablanca, Qatar, Beirut, Damascus and Egypt recorded increases ranging between 1.06 and 2.17 percent, while the stock exchanges of Saudi Arabia, Abu Dhabi, Bahrain, Kuwait and Muscat witnessed an improvement of less than one percent.
The value of Arab financial markets trading witnessed a decline of about 13.41 percent, as a result of a decrease in the trading value in 8 Arab stock exchanges, compared to a rise in six other stock exchanges.
In this regard, the Damascus Stock Exchange recorded the largest increases in trading value, and the stock exchanges of Palestine, Tunisia and Iraq witnessed an increase of about 33.17, 64.78 and 80.48 percent, respectively.
While the Bahrain and Qatar stock exchanges recorded an improvement of about 2.52 and 9.82 percent, respectively.
The trading volume of Arab stock exchanges included in the Arab Monetary Fund database improved by about 2.25 percent, as a result of an increase in five Arab stock exchanges, compared to a decline in ten other Arab stock exchanges.
The Damascus Stock Exchange topped the Arab stock exchanges in terms of trading volume, and the Tunisian and Iraqi stock exchanges witnessed an increase of about 273.59 and 274.79 percent, respectively.
The Qatar and Palestine stock exchanges also recorded an increase of 25.88 and 66.41 percent, respectively.
And the improvement of foreign investment activity during the past week contributed to the improvement of the performance of a number of Arab stock exchanges, as three Arab stock exchanges witnessed a decline in their performance indicators due to the decline in liquidity rates and trading values, which resulted in a decline in the indicators of industry, transport and consumer services.
In this context, the Qatar Stock Exchange topped the Arab stock exchanges in terms of performance indicators, registering an increase of 2.24 percent.
The stock exchanges of Casablanca, Iraq, Egypt, Damascus and Amman recorded an increase that ranged between 1.17 and 2.14 percent, while the stock exchanges of Tunisia, Saudi Arabia, Muscat, Bahrain and Kuwait witnessed an improvement of less than one percent.
During the week ending on the twenty-first of July 2023, the composite index of the Arab Monetary Fund for the Arab financial markets recorded an increase of about 0.05 percent, equivalent to 0.22 percentage points, to reach about 487.27 points, compared to its level recorded on the fourteenth of July 2023.
