In July, Arab stock markets experienced a notable surge in trading activity, with the number of shares traded increasing by 28.82% compared to June. This rise brought the total trading volume to 261.86 billion shares, up from 203.27 billion shares in the previous month. The Iraq Stock Exchange played a significant role in this uptick, followed closely by Egypt’s contribution.
Despite the boost in trading volume, the overall transaction value saw a decline. The total value of transactions fell by 16.82%, dropping to $90.24 billion in July from June’s $108.48 billion. This decrease in transaction value was observed across several key markets, including Egypt, Saudi Arabia, Dubai, Abu Dhabi, and Kuwait.
The performance of regional stock markets was varied. Egypt’s EGX30 index stood out as a strong performer, recording a gain of 5.85% over the month. Other regional exchanges also noted gains, contributing to the mixed but generally positive market trends in the area.
In terms of market capitalization, the combined value of Arab stock exchanges remained relatively stable, showing a slight increase of 0.06% to approximately $4.31 trillion. This stability in market capitalization underscores the resilience of the region’s equity markets amidst fluctuating transaction values and diverse performance across different exchanges.
The latest figures indicate a significant rise in trading activity throughout Arab stock markets, even as transaction values declined and major equity markets showed varied results. This dynamic reflects the region’s complex financial landscape during the month of July.
