The financial markets of the UAE and Saudi Arabia topped the Arab stock exchanges during the third quarter of 2023, after achieving market profits of nearly $167bn, according to the Arab Monetary Fund.
The Fund, in its quarterly bulletin on Arab capital markets, which monitors the performance of 15 exchanges, said that the markets of the UAE achieved market gains of about $32.5bn in the third quarter, distributed in the amount of $20.7bn for the Abu Dhabi Securities Exchange (ADX) and $11.8bn for the Dubai Financial Market (DFM).
The bulletin explained that the market capitalisation of the ADX rose from $755.9bn at the end of the second quarter of the current year to $776.7bn at the end of the third quarter, while the market capitalisation of the DFM increased from $177.8bn to $189.7bn.
UAE and Saudi top Arab stock exchange market cap lists
The AMF bulletin pointed out that the Saudi Financial Market achieved market gains of about $134.1bn with a rise in its market capitalisation from $2.908tn to $3.04tn, while the market capitalisation of the Qatar Stock Exchange rose from $162.6bn to $165.8bn, gaining more than $3.2bn.
The bulletin said that the Egyptian Exchange achieved gains of about $7bn, with its market capitalisation rising from $37.5bn to $44.5bn, and the Casablanca Stock Exchange recorded gains of about $1.76bn, reaching a market capitalisation of $58.9bn at the end of the third quarter of the current year compared to about $57.2bn in the second quarter of 2023.
According to the bulletin, the market capitalisation of the Kuwait Stock Exchange reached $133.07bn at the end of the third quarter of the current year, the Muscat Securities Market to $61.04bn, the Bahrain Bourse to $20.19bn, and the Amman Stock Exchange to $23.8bn.
The market capitalisation of the Beirut Stock Exchange was recorded at about $18.2bn, the Tunisia Stock Exchange at about $7.4bn, the Palestine Stock Exchange at $4.88bn, the Damascus Stock Exchange at about $4bn, and the Algerian Stock Exchange at $553m.
Arab stock exchange market capitalisation at end of Q3, 2023
- Saudi Financial Market: $3.04tn
- Abu Dhabi Securities Exchange: $776.7bn
- Dubai Financial Market: $189.7bn
- Qatar Stock Exchange: $165.8bn
- Kuwait Stock Exchange: $133.07bn
- Muscat Securities Market: $61.04bn
- Casablanca Stock Exchange: $58.9bn
- Egyptian Exchange: $44.5bn
- Amman Stock Exchange: $23.8bn
- Bahrain Bourse: $20.19bn
- Beirut Stock Exchange: $18.2bn
- Tunisia Stock Exchange: $7.4bn
- Palestine Stock Exchange: $4.88bn
- Damascus Stock Exchange: $4bn
- Algerian Stock Exchange: $553m
Follow us on
