Emirates News Agency-ADX records the highest trading volume in the Arab region in May 2022: AMF

Abu Dhabi, June 10, 2022 (WAM)-The Abu Dhabi Securities Exchange (ADX) is the highest transaction in Arab finance, according to a monthly newsletter issued today by the Arab Financial Fund (AMF) covering the Arab financial markets. The market was 292.64% in May 2022, which recorded an increase in the amount, but the Palestine Exchange topped the list due to the increase in trading volume.

The AMF noted that the resurgence of initial public offering (IPO) activity improved the performance of the Arab financial markets in May 2022, increasing the overall value of the transaction to approximately US $ 107.22 billion.

The AMF compound index on the Arab capital markets recorded a 1.29% decrease at the end of May 2022 compared to the end of April 2022, reaching approximately 502.73 points.

As of the end of May 2022, the market value of the Arab market decreased by 0.6% to reach $ 5,168 million.

The Beirut Stock Exchange outperformed the Arab Exchange by a 39.50% increase in market capitalization, reflecting increased trading activity in the banking sector.

The Arab exchange has recently continued its efforts to expand its reach through new offerings, especially the “Borouge” IPO on the Abu Dhabi Stock Exchange. This was the largest and first offering in the history of the market, with a total revenue of approximately $ 2 billion. Support market activities.

Regarding the transaction value on the Arab Stock Exchange, the transaction value on the Arab financial markets listed in the AMF database in May 2022 increased by 36.45% compared to the end of April 2022. This is due to an increase in trading on the six Arab Stock Exchanges. .. However, during the same period, eight Arab exchanges witnessed a decline in trading.

Trading volumes on the Arab Exchange increased by approximately 3.61% in May 2022. This reflects an increase in trading volume on the seven Arab exchanges, while eight Arab exchanges recorded a decline in trading at the end of May 2022.

In terms of market value, the financial markets recorded a slight decrease of approximately 0.63% at the end of May 2022 compared to the end of April 2022, reaching a value of $ 5,168 million.