Arab exchanges’ market cap crosses $4.17tn in H1, reveals AMF report

The combined market capitalisation of Arab stock exchanges exceeded $4.174tn at the end of H1 2024, according to the latest data from the Arab Monetary Fund (AMF).

The AMF’s monthly bulletin detailed the market values of key exchanges across the region.

Leading the pack was the Saudi Exchange (Tadawul), with a market value of $2.68tn, solidifying its position as the largest in the region.

The Abu Dhabi Securities Exchange followed with a market cap of $761.54bn, while the Dubai Financial Market reached $184.8bn.

In the Gulf region, the Qatar Stock Exchange recorded a market value of $157.9bn, and Boursa Kuwait stood at approximately $134.06bn.

Meanwhile, the Muscat Stock Exchange’s market cap was $63bn, and the Bahrain Bourse recorded $21.2bn.

Read: Most GCC markets extend gains as US recession fear fades

How other Arab bourses fared

North African markets also showed significant contributions. The Casablanca Stock Exchange in Morocco reported a market value of $69.4bn, while the Egyptian Exchange reached $39.07bn.

The Tunis Bourse registered $8.3bn.

Among the smaller markets, the Amman Stock Exchange in Jordan had a market value of $23.3bn, and the Beirut Stock Exchange in Lebanon stood at $16.54 billion.

The Damascus Securities Exchange recorded a market cap of $5.66bn, and the Palestine Exchange closed the list with $4.2bn.