UAE: Abu Dhabi Securities Exchange tops Arab region in market value increase

UAE: Abu Dhabi Securities Exchange tops Arab region in market value increase

Last week’s index surged by 3.6%, market value by 3.03%

By WAM

Published: Sat 20 Aug 2022, 10:26 AM

The Abu Dhabi Securities Exchange (ADX) was the leading Arab financial market in terms of performance last week, as its index surged by 3.6 per cent, and its market value by 3.03 per cent, according to the Arab Monetary Fund (AMF).

In its weekly bulletin on Arab capital markets’ performance, the AMF noted that the market value of Arab stock exchanges rose by 2.5 per cent, equivalent to some $110.64 billion ($110,637,836) at the end of trading last week.

The bulletin also highlighted the fact that the market value of the 13 Arab stock exchanges listed in the AMF’s database rose to $4.58 trillion at the end of last week, compared to some $4.46 trillion at the end of the previous week.

The bulletin then highlighted several positive factors that contributed to the rise in performance indicators of several Arab stock exchanges. This included the growth of trade and market values in the major stock exchanges, as well as their ongoing efforts to expand the scope of companies listed in primary and secondary markets over the past week, in addition to the positive results of listed companies and more foreign investment activity at institutional and individual levels.

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