The fund, in its weekly bulletin on Arab financial markets, which monitors the performance of 13 exchanges, said that the UAE markets achieved monthly market gains of over US$6.2 billion, distributed at $3.18 billion for the Abu Dhabi Securities Exchange and $3.08 billion for the Dubai Financial Market.
The bulletin explained that the market capitalisation of the Abu Dhabi Securities Exchange rose from $781.5 billion to $784.6 billion by the end of last week, while the market capitalisation of the Dubai Financial Market increased from $186.9 billion to more than $190 billion. The market capitalisation of the Saudi Financial Market reached $2.97 trillion.
The bulletin noted that the Egyptian Exchange achieved market gains of about $1.37 billion, raising its market capitalisation from $42.25 billion to $43.9 billion. The gains of the Beirut Stock Exchange reached about $272.8 million, raising its capital from $18.36 to $18.6 billion.
According to the bulletin, the Amman Stock Exchange gained about $88.2 million, increasing its market capitalisation from $23.7 billion to $23.8 billion. The Damascus Stock Exchange gained about $66.1 million, raising its capital from $3.96 billion to $4.03 billion.
The bulletin stated that the market capitalisation of the Qatar Stock Exchange reached $166.27 billion, the Kuwait Stock Exchange reached $134.03 billion, the Muscat Stock Exchange reached $61.07 billion, and the Casablanca Stock Exchange reached $59 billion.
The bulletin of the Arab Monetary Fund explained that the market capitalisation of the Bahrain Stock Exchange reached $20.09 billion, while the market capitalisation of the Palestine Exchange exceeded $4.9 billion. The total market capitalisation of Arab stock exchanges reached about $4.487 trillion by the end of last week's trading.