UAE's ADX records its highest rise in market and trading value in Q2 2022: AMF
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UAE’s ADX records its highest rise in market and trading value in Q2 2022: AMF

UAE’s ADX records its highest rise in market and trading value in Q2 2022: AMF

The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn

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The Abu Dhabi Securities Exchange (ADX) has recorded its highest rise in terms of market value and trading value at end of the second quarter of 2022, according to the Arab Monetary Fund (AMF).

In its quarterly bulletin on the performance of Arab stock markets issued on July 28, the AMF noted that the ADX achieved an increase of $29.23bn in terms of market value, rising from $513.19bn at the end of the first quarter of 2022 to $542.42 billion in the second quarter of 2022.

According to state news agency WAM, the report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn, reaching $143.57bn by end of the second quarter of 2022, compared to $119.12bn in the first quarter.

The AMF report also noted that the market value of Arab financial markets listed in its database dropped by about 2.86 per cent, equivalent to nearly $126.89bn, reaching some $4,311.93bn by end of the second quarter of 2022, stating that most of performance indicators of Arab stock exchanges witnessed consistent declines.

The report added that several Arab markets declined in performance due to interest rate rises by the US Federal Reserves and a number of international banks in the Arab region, as well as inflationary.

In other news, recently market capitalisation of Abu Dhabi Securities Exchange opened above Dhs2tn ($545bn) on June 6 for the first time in its history. The milestone made the exchange, the second largest in the Middle East in just two decades.

Read: Abu Dhabi Securities Exchange’s market capitalisation hits $545bn

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