Arab bourses’ market cap crossed $4tn by end of 2022, says AMF

The Arab Monetary Fund (AMF) has revealed that the market cap of Arab stock exchanges crossed $4tn by the end of 2022.

According to an AMF press statement, the market value of the Abu Dhabi Securities Exchange reached $714.6bn in the reference year, with the Dubai Financial Market valued at $158.4bn, reported the state news agency WAM.

The market value of the Saudi Stock Exchange was $2.63tn; while that of the Qatar Stock Exchange was $167.09bn. The market cap of Boursa Kuwait was $152.7bn; while that of the Muscat Stock Exchange was $61.6bn.

The AMF’s statement stated that the Casablanca Stock Exchange’s market cap was $53.6bn; while that of the Egyptian Exchange was $38.8bn; and that of the Bahrain Bourse was $30.2bn, reported WAM.

The market value of Amman Stock Exchange reached $25.4bn; that of the Palestine Exchange was $4.89bn; while Beirut Stock Exchange was put at $14.4 bn, and Damascus Securities Exchange was valued at $2.06bn.