The Arab Monetary Fund publishes the “Monthly Bulletin of the Arab Capital Markets”

Written by Ashraf El Hadi

Arab Monetary Fund Composite Index for Arab Financial Markets down By about 0.23 percent at the end of November 2022 compared to the end of October 2022. reach around 488.74 points

registered The market value of Arab stock exchanges fell by 1.53 percent percent to reach about 4176 billion US dollars At the end of November 2022, as a result of the drop in the liquidity rate, along with the drop in foreign investment activity, both individual and institutional.

The recorded drop in world oil prices during the month of November 2022 contributed to a decrease in the performance indicators of a number of Arab stock exchanges, especially the energy sector index.

The Egyptian Stock Exchange leads the upward movement recorded at the level of the Arab stock exchanges, whose index rose by 16.59 percent, as a result of the increase in the performance indicators of the trade, transport, banking and communications sectors.

supplemented Stock Exchange in Damascus Arab stock exchanges at the level of market value increased by 15.76, and as for the increase in indicators of volume and value of trading by about 78.90 and 79.73 percentage That is Mainly supported by the growth of banking, insurance and industrial indices

Arab stock exchanges continued the activity of initial public offers during the month of November 2022

As part of its efforts to monitor the development of the financial sector in Arab countries, the Arab Monetary Fund has issued the twenty-ninth issue of the “Monthly Bulletin of the Arab Capital Markets”. The Arab Monetary Fund Composite Index for Arab Financial Markets ended transactions in November 2022 down 0.23 percent, reaching around 488.74 points, compared to the level recorded at the end of October 2022.

Performance indicators of Arab stock exchanges recorded a divergence in November 2022, as nine Arab stock exchanges recorded growth in their performance indicators at the end of November 2022, supported by the continuation of initial public offering activities in a number of them, with growth in indicators of the banking, telecommunications, transport and industry sectors. The growth of the performance indicators of a number of Arab stock exchanges was in line with the growth recorded in most of the world’s financial markets, as well as a number of rising stock exchanges.

On the other hand, five Arab stock exchanges recorded declines over the past month as a result of falling market value indicators and trading volume indicators, along with a drop in foreign investment activity. The drop in liquidity rates on numerous Arab stock exchanges at the end of November 2022 as a result of investors’ expectations about the annual financial results of listed companies had an impact that contributed to the decline in the performance indicators of a number of stock exchanges. In the same context, the recorded drop in world oil prices during November 2022 led to a drop in the performance indicators of a number of Arab stock exchanges, especially the energy sector index.

The Egyptian Stock Exchange leads the upward movement recorded at the level of the Arab stock exchanges, whose index rose by 16.59 percent, as a result of the growth of the business indicators of the trade, transport, banking and communications sectors. The stock exchange in Damascus also recorded a similar growth, by about 15.76 percent. Stock market indices in Muscat, Kuwait, Palestine, Amman and Abu Dhabi also saw gains, with exchange rates ranging from 1.35 percent to 5.67 percent. Stock markets in Casablanca and Bahrain improved by less than one percent.

As for the market value of the Arab financial markets included in the database of the Composite Index of the Arab Monetary Fund, it recorded a decrease of about 1.53 percent at the end of November 2022 compared to the end of October 2022. The market values ​​recorded a decrease in the three Arab stock exchanges, in proxy for recording growth in ten Arab stock exchanges. The Damascus Stock Exchange led the Arab stock exchanges in terms of recorded growth in market value, whose index rose by 15.76 percent, mostly supported by the growth of the banking, insurance and industry sector indices. The Egyptian stock market also recorded a similar growth, by about 13.77 percent. Stock exchanges in Muscat, Kuwait and Abu Dhabi also recorded growth of 2.73, 3.82 and 9.57 percent respectively. Stock markets in Dubai, Palestine and Amman also saw gains, with exchange rates ranging between 1.26 and 1.81 percent. Stock markets in Casablanca and Bahrain improved by less than one percent.

In November 2022, there was an improvement in the value of trading in the Arab financial markets listed in the database of the Arab Monetary Fund by 1.79 percent, compared to their levels recorded at the end of October 2022, as a result of the increase in the value of trading by five Arab exchanges, while nine Arab stock exchanges registered a decline. The Damascus Stock Exchange led the Arab stock exchanges in terms of turnover, registering a growth of 79.73 percent. Stock exchanges in Dubai, Muscat and Abu Dhabi also recorded growth of 29.15, 32.05 and 45.32 percent respectively. While the Palestine Stock Exchange recorded an improvement of about 1.17 percent.

As for the trading volume on the Arab stock exchanges, it decreased by 38.82 percent, as a result of the decline in trading volume on seven Arab stock exchanges, compared to the growth on eight Arab stock exchanges. The Damascus Stock Exchange led the Arab stock exchanges in terms of trading volume, whose index recorded a growth of 78.90 percent. The stock exchanges of Abu Dhabi, Dubai and Muscat also recorded growth of 48.30, 55.50 and 59.77 percent respectively. The stock exchanges of Kuwait, Egypt and Palestine recorded growth ranging from 16.89 to 26.31 percent. The Amman Stock Exchange recorded an improvement of about 8.01 percent.