- | 12:00 pm
AMF: Arab markets see steady growth amid policy shifts
Despite overall market gains, trading volumes showed mixed results. The Palestinian market saw the highest surge in traded value, while markets in Dubai, Egypt, and Muscat experienced declines.
Arab stock markets performed positively in January, marking a second consecutive month of gains in line with the global uptrend. According to the Arab Monetary Fund, these gains followed a global rebound from December’s declines, driven by improving investor sentiment, shifts in monetary policies, and strong corporate earnings.
The composite index for Arab financial markets rose by 0.97% at the end of January, reflecting broad improvements across regional exchanges. Rising corporate profits, improved liquidity, and policy measures designed to attract foreign investment bolstered investor confidence.
Casablanca’s stock exchange led the gains, with its index surging 9.98%. It was followed by Kuwait and Amman, which rose 5.73% and 5.11%, respectively. Other markets, including Saudi Arabia, Tunisia, and Abu Dhabi, also posted strong performances. In contrast, Egypt, Qatar, Palestine, and Dubai recorded more modest growth of less than 1%.
Market growth was driven by strong corporate earnings, particularly in the banking sector, and accommodative monetary policies from regional central banks, which lowered interest rates to boost economic activity. Additionally, moves by international central banks, including the US Federal Reserve and the European Central Bank, toward looser monetary policies improved liquidity and strengthened investor confidence.
Despite overall market gains, trading volumes were mixed. The Palestinian market saw the highest surge in traded value, rising 261.4%, while Dubai, Egypt, and Muscat experienced declines.
By the end of January, the market capitalization of Arab financial markets grew by 0.60%, adding approximately $26.28 billion. This increase was largely driven by strong performances in Casablanca, Amman, and Kuwait.
Featured Videos
Today's Top Stories:
More Top Stories:
FROM OUR PARTNERS
