Arab stock markets experienced a notable surge in trading activity in July, with the volume of shares traded climbing by 28.82% compared to June. The trading volume reached 261.86 billion shares, up from 203.27 billion the previous month, largely propelled by increased activity on the Iraq Stock Exchange and Egypt’s market.
However, the surge in trading volume was contrasted by a decline in the overall transaction value, which fell by 16.82% to $90.24 billion from June’s $108.48 billion. Major markets such as Egypt, Saudi Arabia, Dubai, Abu Dhabi, and Kuwait saw reductions in transaction values during this period.
Despite the mixed performance in transaction values, Egypt’s EGX30 index stood out as a strong performer, gaining 5.85% in July, while other regional exchanges also posted gains. This mixed performance among the major Arab equity markets reflects the complex dynamics affecting the region’s financial landscape.
The combined market capitalization of Arab stock exchanges showed slight stability, with a marginal increase of 0.06%, bringing it to approximately $4.31 trillion. These figures underscore the increased trading activity across the region, even as transaction values weakened.