Market capital in Arab bourses $4.5 trillion, says Arab Monetary Fund

Kuwait City, Kuwait — The Arab Monetary Fund has said that the market capital in Arab bourses reached US$4.5 trillion at the end of last week’s trade, climbing by 1.2 percent.
The fund’s weekly report said the market capital of BouKuwait amounted to US$137.5 billion, that of the Abu Dhabi stock exchange reached approximately US$777 billion while that of Dubai market settled at US$186.5 billion, KUNA reported.
The capital market of the Saudi stock exchange reached some US$ 3 trillion, the Qatari bourse US$170 billion, Muscat US$62 billion, Casablanca US$62 billion, the Egyptian bourse US$39 billion and the Bahraini bourse US$20 billion.
The report added that the market capital of Oman bourse posted US$23.5 billion, Beirut bourse US$18.6 billion, Palestine’s bourse US$4.9 and Damasstock exchange US$3.9 billion.
The fund, established in 1976, started operating in 1977. Headquartered in Abu Dhabi, it comprises 22 Arab states as members including Kuwait.
It aims at regulating the monetary markets as part of the approach to establish pan-Arab economic integration, as well as boosting economic development in the Arab countries.