The Arab Monetary Fund revealed that the market value of Arab stock exchanges increased by 2.1 percent, or the equivalent of about 93.63 billion dollars, at the end of last year’s transactions in 2023.
The Fund stated in its weekly bulletin for Arab financial markets, which was issued today, Wednesday, that the market capitalization of the Arab stock exchanges included in the Fund’s database, which includes 14 Arab stock exchanges, rose to $4.56 trillion at the end of December last year, compared to about $4.464 trillion at the end of November. The previous one.
Beirut is in the lead
The Beirut Stock Exchange topped the Arab stock exchanges in terms of the percentage of increase in market value, as the stock index rose by about 22.52 percent, followed by the Qatar and Damascus stock exchanges by about 6.32 and 11.20 percent, respectively.
The stock exchanges of Casablanca, Egypt, Tunisia, and Kuwait recorded an increase in market value by rates between 2.20 and 3.64 percent.
The stock exchanges of Abu Dhabi, Saudi Arabia, Dubai, Bahrain, and Palestine also recorded an increase of rates ranging between 1.33 and 1.98 percent.
The Oman and Muscat stock exchanges witnessed an improvement of less than one percent.
Positive performance in 2023
Arab stock market indices ended the year 2023 with a positive performance, supported by the Federal Reserve’s announcement in December 2023 of its stabilization of interest rates and the trend of expectations towards lowering interest rates during the year 2024.
The Arab Monetary Fund index for Arab financial markets recorded an increase of about 0.62 percent at the end of December trading compared to the end of November 2023.
The rising performance enhanced individual and institutional foreign investment activity as a result of foreign investors registering net purchases, which led to an improvement in the indicators of a number of Arab stock exchanges at the end of last December.
The Damascus Stock Exchange topped the upward movement recorded at the level of Arab stock exchanges, with its index rising by 11.80 percent.
