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ABU DHABI, February 23 / Arab stock exchanges consolidated their gains during the past week, and their market capitalization gained about $54.338 billion, according to the Arab Monetary Fund.
The fund stated, in the weekly bulletin of Arab financial markets that monitors 13 Arab stock exchanges, that the market value of Arab stock exchanges rose from $4.054 trillion to $4.108 trillion at the end of last week.
The fund stated that the Saudi Stock Exchange achieved the largest market gains by about 48.7 billion dollars, bringing its market capitalization to 2.697 trillion dollars, while the Abu Dhabi Stock Exchange came in second place with gains of 5.11 billion dollars, bringing its market capital to 696.5 billion dollars, while the market capital of the Dubai Financial Market reached to $162.6 billion.
The fund stated that the market capitalization of the Qatar Stock Exchange reached $163.19 billion, the Kuwait Stock Exchange $154.2 billion, the Muscat Stock Exchange $61.04 billion, the Casablanca Stock Exchange more than $55 billion, the Egypt Stock Exchange $36.5 billion, and the Bahrain Stock Exchange $30.9 billion.
According to the Arab Monetary Fund bulletin, the market capitalization of the Amman Stock Exchange reached $27.8 billion, the Beirut Stock Exchange reached $15.4 billion, the Palestine Stock Exchange reached $4.96 billion, and the Damascus Stock Exchange reached $2.36 billion.
