Arabic Stock Exchanges Reach Record Highs


The market cap of Arab stock exchanges exceeded US$4 trillion by the end of 2022, according to the Arab Monetary Fund (AMF).

In a press statement released on Friday, (January 6) the AMF said that the market value of the Abu Dhabi Securities Exchange reached US$714.6 billion in the reference year, while that of Dubai Financial Market was valued at US$158.4 billion.

The market value of the Saudi Stock Exchange was US$2.63 trillion; while that of the Qatar Stock Exchange was US$167.09 billion. The market cap of the Boursa Kuwait was US$152.7 billion; while that of the Muscat Stock Exchange was US$61.6 billion.

The Casablanca Stock Exchange market cap was US$53.6 billion; while that of the Egyptian Exchange was US$38.8 billion; and that of the Bahrain Bourse was US$30.2 billion, according to the AMF’s statement.

The market value of the Amman Stock Exchange reached US$25.4 billion; that of Palestine Exchange was US$4.89 billion; while the Beirut Stock Exchange was put at US$14.4 billion, and the Damascus Securities Exchange was valued at US$2.06 billion.

Countries of the Arab League


In numbers:

Exchange Value (USD)
Saudi Stock Exchange 2.63 trillion
Abu Dhabi Securities 714.6 billion
Qatar Stock Exchange 167 billion
Dubai Financial Markets 158.4 billion
Boursa Kuwait 152.7 billion
Muscat Stock Exchange 61.6 billion
Casablanca Stock Exchange 53.6 billion
Egyptian Exchange 38.8 billion
Bahrain Bourse 30.2 billion
Amman Stock exchange 25.4 billion
Beirut Stock Exchange 14.4 billion
Palestine Exchange 4.89 billion
Damascus Securities Exchange 2.06 billion

Money has been pouring into the Arabic exchanges as peaceful solutions to long-standing rivalries are being brokered by China, as part of its Belt and Road Initiative, and Russia, both of whom want to establish themselves as serious investors in the Arab states and develop energy supply lines.

Last year, China announced a massive energy deal with Saudi Arabia,  while Russia is providing infrastructure investments, into the country, including rail. Multiple other infrastructure developments, many related to the Belt and Road, are shifting the Arabic world to the Asian world as opposed to the West in the wake of a continuing rejection of the US ‘unipolar’ political posturing and a desire to better engage with a ‘multipolar’ world order.

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