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Arab stock markets witness marginal changes in June


The Egyptian stock market witnessed the biggest decline in the market value as it lost about 2.91 per cent of its value during the month. – Bloomberg News

Muscat: The Arab stock markets' indicators witnessed marginal changes. While Beirut and Tunisia bourses went up by 1.42 per cent and 1.29 per cent respectively, the other bourses witnessed a decline with the Palestinian bourse witnessing the sharpest decline of 3.87 per cent. The average decline of the indicator for this group during the month was 0.97 per cent.

The market value for this group of bourses declined by 1.68 per cent. The Egyptian bourse witnessed the biggest decline in the market value as it lost about 2.91 per cent of its value during the month.

While the average change in the indicators for June was 0.97 per cent, the average change in the market indicators for the year was 4.63 per cent. The average change of trading value for one month was 10.58 per cent. The change in the market capitalisation when it comes to the Arab non-Gulf stock markets in June stood at 1.68 per cent. The share turnover (the trading value to the market value) stood at 2.04 per cent during June.

The average growth of the Arab stock markets stood at 6.33 per cent, which is higher than the average growth of the world stock markets which was 5.53 per cent. The Egyptian bourse indicator witnessed the highest growth rate of 20.33.

In terms of market value, it grew by 11.87 per cent. All Arab stock markets witnessed improvement in their market value except for Palestine and Kuwait stock markets, which declined by 2.80 per cent and 0.75 per cent, respectively.

New listings
The new listings at some Arab stock markets in the first half of the year positively affected the market value, especially in the Saudi Arabia, Qatar, Tunisia, Muscat, Abu Dhabi and Dubai markets.

The turnover at the Arab stock markets stood at 35.13 per cent with the Dubai and Saudi markets witnessing the highest turnover of 72 per cent and 56 per cent, respectively. The turnover in the remaining markets was meagre. If the Saudi and Dubai stock markets were to be excluded, the turnover in the Arab stock markets would seem little when compared to international standards.

In terms of market capitalisation, the Saudi market came on top as its market value represented
41 per cent of all Arab stock markets and 48 per cent of the Gulf stock markets.

In terms of upward movements, Dubai stock market indicator topped the list with 17 per cent followed by the Bahraini bourse 14.3 per cent, Saudi Arabia 11.58, Qatar 10.69, Abu Dhabi 6.08 and Muscat 2.54 per cent. On the other hand, the Kuwait price index declined by 7.66 per cent.

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