ADX tops Arab region in market value increase: Report
ADX saw a jump of $29.23 billion in Q2, while DFM saw a gain of $24.45 billion
The Abu Dhabi Securities Exchange (ADX) has recorded its highest rise in terms of market and trading value at the end of the second quarter of 2022, according to the Arab Monetary Fund (AMF).
In its quarterly bulletin on the performance of Arab stock markets issued on Wednesday, the AMF noted that the ADX achieved an increase of $29.23 billion in terms of market value, rising from $513.19 billion at the end of the first quarter of 2022 to $542.42 billion in the second quarter.
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45 billion, reaching $143.57 billion by end of the second quarter of 2022, compared to $119.12 billion in the first quarter.
The AMF report also noted that the market value of Arab financial markets listed in its database dropped by about 2.86 per cent, equivalent to nearly $126.89 billion, reaching some $4,311.93 billion by end of the second quarter of 2022, noting that most of performance indicators of Arab stock exchanges witnessed consistent declines.
The report added that several Arab markets declined in performance due to interest rate rises by the US Federal Reserve and a number of international banks in the Arab region, as well as inflationary pressures.