Arab stock markets saw a significant boost in October, with trading values rising 16.35% to reach $97.1 billion, up from $83.5 billion in September, according to the Arab Monetary Fund. This increase occurred despite a slight 0.57% dip in market capitalization, which settled at $4.27 trillion.
Top Performers in Trading Values
- Oman: A remarkable 185.03% increase to $515.7 million.
- Tunisia: A 161.66% surge, driven by investor confidence.
- Abu Dhabi: Nearly doubled trading values, rising 97.56% to $18.52 billion.
Index Highlights
- Iraq Stock Exchange: Led the region with a 12.39% rise in its index.
- Damascus Securities Exchange: Gained 6.99%, continuing its growth streak.
- Dubai Financial Market: Recorded a modest 1.94% increase.
Market Challenges
Not all markets benefited: Bahrain, Damascus, and Beirut saw sharp declines in trading values, with Bahrain experiencing a steep 65.57% drop.
Global and Regional Influences
Fluctuating oil prices, regional tensions, and interest rate adjustments played pivotal roles in shaping market sentiment. While challenges persist, the resilience of Arab stock markets signals potential for sustained growth as the year concludes.