The Arab Monetary Fund reported that the Egyptian Stock Exchange led the Arab Stock Exchanges in terms of performance gains last week, while the Damascus Stock Exchange recorded the highest level of trading volume growth.
And according to report For the Arab Monetary Fund, the Fund’s Composite Index for the Arab Financial Markets ended the trading week ending January 27, 2023, up 0.01 percent to around 487 points.
He noted that the Egyptian Stock Exchange outperformed the Arab Stock Exchanges in terms of efficiency gains by 4.51 percent and achieved the largest increase in market value by about 2.78 percent.
The Damascus Stock Exchange recorded the highest level of trading volume growth of 280.21 percent, and it led the Arab exchanges in trading volume growth of 224.87 percent.
The performance of the Arab stock exchanges included in the Arab Monetary Fund Composite Index showed fluctuations dominated by gains in the week ending January 27, 2023, as nine Arab stock exchanges recorded gains during the week ended January 27, 2023. last week due to the improvement in market value indicators, the growth of foreign investment rates and banking sector indices, mainly investment and transport.
This increase coincided with weekly growth recorded in most of the world’s financial markets, especially in the US and Europe, as well as on a number of emerging stock exchanges.
On the other hand, five Arab stock exchanges recorded a decline in their performance indicators, which was affected by a decrease in the values and trading volumes. The relative decline in world oil prices recorded last week also contributed to the decline in a number of key sectors of the Arab stock exchanges, including energy and petrochemicals.
Source: RT
