The Arab Monetary Fund revealed that the market value of Arab stock exchanges increased by 6.59 percent, to reach $4.377 trillion, at the end of the second quarter of 2023, compared to $4.105 trillion at the end of the first quarter of this year.
According to the quarterly bulletin of the performance of the Arab stock markets issued by the Fund, the Saudi financial market achieved the highest increases recorded in the second quarter of 2023 at the level of market value by about $246 billion, and it also witnessed the highest increases in terms of trading value by about $14.74 billion.
The Dubai Financial Market led the Arab stock exchanges in terms of increases in trading volume, recording an increase of about 8.94 billion shares.
The Damascus Stock Exchange also topped the largest gains achieved in terms of performance indicators at the level of Arab stock exchanges during the second quarter of 2023, with a rate of 12.89 percent.
The performance of the Arab stock exchange indices came in line with the gains recorded by the global financial markets and a number of emerging stock exchanges at the end of the second quarter of 2023.
The Arab Monetary Fund Composite Index for Arab financial markets recorded an increase of about 3 percent at the end of the second quarter of 2023, compared to the first quarter of the same year, while it recorded a year-on-year decline of about 2.3 percent.
