The Arab Monetary Fund declared on Friday that the market capital in Arab bourses reached USD 4.5 trillion in the end of last week’s trade, climbing by 1.2 percent.
The fund’s weekly report said the market capital of Boursa Kuwait amounted to USD 137.5 billion, that of the Abu Dhabi stock exchange reached approximately USD 777 billion while that of Dubai market settled at USD 186.5 billion.
The capital market of the Saudi stock exchange reached some USD three trillion, that of the Qatari bourse USD 170 billion, Muscat market USD 62 billion, Casablanca market USD 62 billion, the Egyptian bourse USD 39 billion and the Bahraini bourse USD 20 billion.
The report added that the market capital of Oman bourse posted USD 23.5 billion, Beirut bourse USD 18.6 billion, Palestine’s bourse USD 4.9 and Damascus stock exchange USD 3.9 billion.
The fund, established in 1976, started operating in 1977. Headquartered in Abu Dhabi, it comprises 22 Arab states as members including Kuwait.
It aims at regulating the monetary markets as part of the approach to establish pan-Arab economic integration, as well as boosting economic development in the Arab countries
Source: Kuwait News Agency