The value of Arab financial market trades also decreased by about 6.89 percent at the end of the week ending on the twenty-fourth of November 2023. As a result of a decline in trading value in seven Arab stock exchanges, compared to an increase in eight other Arab stock exchanges.
In this regard, the Casablanca Stock Exchange recorded the largest increases in trading value, followed by the Iraq Stock Exchange by about 142.55 percent.
The stock exchanges of Amman, Beirut, and Tunisia witnessed increases of 40.26, 47.82, and 69.95 percent, respectively, and the stock exchanges of Egypt, Kuwait, and Bahrain witnessed an improvement of about 0.56, 5.57, and 5.88 percent.
The trading volume of Arab stock exchanges included in the Arab Monetary Fund database increased by about 100.29 percent. As a result of its improvement in seven Arab stock exchanges, compared to recording a decline in eight other Arab stock exchanges.
In this regard, the Beirut Stock Exchange led the Arab stock exchanges in terms of trading volume, followed by the Iraq Stock Exchange.
The stock exchanges of Tunisia, Amman, and Casablanca recorded an increase of about 46.50, 96.08, and 232.92 percent, respectively, while the stock exchanges of Egypt and Kuwait witnessed an improvement of about 3.72 and 23.01 percent, respectively.
The performance indicators of Arab stock exchanges in the Arab Monetary Fund Composite Index witnessed variation in the week ending the twenty-fourth of November 2023, as eight Arab stock exchanges recorded an increase in their performance indicators as a result of improved trading volume indicators due to the improvement in the performance of the services, transportation, tourism, and banking sectors mainly. .
Six Arab stock exchanges recorded a decline during the past week. Due to the decline in market value indicators and trading values, which witnessed a decline in a number of Arab stock exchanges; As a result of the decline in real estate, medicine, and food indicators.
In this regard, the Egyptian Stock Exchange led the Arab stock exchanges in terms of performance indicators, recording an increase of 4.66 percent.
The Iraq and Damascus stock exchanges witnessed an increase of about 1.10 and 1.12 percent, respectively, while the stock exchanges of Tunisia, Kuwait, Bahrain, Casablanca, and Muscat recorded an improvement of less than one percent.
The Arab Monetary Fund’s composite index for Arab financial markets declined by about 0.01 percent during the week ending on the twenty-fourth of November 2023. The equivalent of 0.05 percentage points, reaching about 486.71 points, compared to its level recorded on the seventeenth of November 2023.