Saudi stocks are the first in the Arab world, with gains of $279.5 billion in April

The financial markets in Saudi Arabia and the UAE topped the Arab stock exchanges during last April’s trading, after achieving market gains that exceeded $308.5 billion.

The monitoring of the Emirates News Agency, WAM, based on the data of the monthly bulletin of Arab financial markets issued by the Arab Monetary Fund, showed that the Saudi financial market achieved market gains of about $279.5 billion, with an increase in its market value from $2.66 trillion to $2.94 trillion.

During the past month, the UAE markets achieved market gains of about $28.9 billion, distributed by $21.8 billion for the Abu Dhabi Stock Exchange and $7.1 billion for the Dubai Financial Market.

The market value of the Abu Dhabi Securities Market rose from $740.8 billion at the end of March to $762.7 billion at the end of April 2023, while the market value of the Dubai Financial Market increased from $162.3 billion to $169.4 billion.

The market capital of the Egyptian Stock Exchange increased to $36.8 billion, gaining about $2.9 billion.

The market capital of the Kuwait Stock Exchange reached 149.4 billion dollars at the end of last April, with gains of 1.9 billion dollars, and the capitalization of the Casablanca Stock Exchange amounted to about 54.6 billion dollars, with gains of 406.1 million dollars, while the capital of the Beirut Stock Exchange increased to 19.2 billion dollars, adding profits of more than 406 million dollars. .

The market value of the Bahrain Stock Exchange reached $30.4 billion at the end of last April, with gains of $283.8 million, while the capital of the Tunis Stock Exchange amounted to about $7.9 billion, with gains of $65.4 million, the Damascus Stock Exchange $2.38 billion, with profits of $24.3 million, and the Palestine Stock Exchange $4.99 billion, with gains of $907,000.

The capitalization of the Qatar Stock Exchange reached $162.2 billion, the Muscat Stock Exchange reached $61.7 billion, and the Oman Stock Exchange reached $24.6 billion.