Regional exchanges loose $32bn in 20 days

24 August 2011

Saudi Arabia and Egypt lead the decline

Capital markets in the Middle East region lost $32bn in value over the past 20 days, says the Arab Monetary Fund.

The value of the 15 stock exchanges in the region dropped from $913.3bn at the end of July to about $881bn. The Saudi Stock Exchange (Tadawul), accounted for about half of that fall, while Egypt’s exchange fell by nearly $5bn.

Qatar fell from $123bn to $118bn and Kuwait from $101.7bn to $98.5bn. In the UAE, the Dubai Financial Market fell from $53.5bn to $52.3 and the Abu Dhabi Exchange fell to $69.1bn from $70bn.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications