https://arab.news/zd3cg
- The report found that several Arab markets declined in performance as a result of interest rate increases by the US Federal Reserves
ABU DHABI: The Abu Dhabi Securities Exchange recorded its highest rise in terms of market value and trading value at the end of the second quarter of 2022, according to the Arab Monetary Fund, Emirates News Agency reported.
The AMF reported Wednesday, in its quarterly bulletin on the performance of Arab stock markets, that the ADX gained $29.23 billion in market value, rising from $513.19 billion at the end of the first quarter of 2022 to $542.42 billion in the second quarter of 2022.
It said the Dubai Financial Market’s market value increased by $24.45 billion, reaching $143.57 billion by the end of the second quarter of 2022, up from $119.12 billion in the first quarter.
According to the AMF, the market value of Arab financial markets listed in its database fell by 2.86 percent, or nearly $126.89 billion, reaching $4,311.93 billion by the end of the second quarter of 2022.
Most of the performance indicators of Arab stock exchanges had consistently declined, it noted.
The report added that several Arab markets declined in performance because of interest rate increases by the US Federal Reserve and some international banks in the region, as well as inflationary pressures.