July saw a notable surge in trading activity across Arab stock exchanges, as the volume of shares traded soared by 28.82% compared to June. This increase in trading volume brought the total to 261.86 billion shares, up from 203.27 billion shares the previous month. Leading this surge was the Iraq Stock Exchange, with Egypt also contributing significantly to the uptick.
Despite the increased activity in terms of volume, the overall value of transactions saw a decline. The value dropped by 16.82% to $90.24 billion in July, down from $108.48 billion in June. This decrease was observed across several major markets, including Egypt, Saudi Arabia, Dubai, Abu Dhabi, and Kuwait, indicating a complex landscape for investors during this period.
Performance across the region’s stock markets was varied. Notably, Egypt’s EGX30 index stood out as a strong performer, achieving a 5.85% gain over the month. Other regional exchanges also posted gains, reflecting a mixed but dynamic market environment. Despite these fluctuations, the combined market capitalization of Arab stock exchanges remained largely stable, registering a slight increase of 0.06% to approximately $4.31 trillion.
The figures reveal a growing interest and activity in trading within Arab markets, even as transaction values witnessed a decline. The mixed performance of major equity markets across the region underscores the complexity and varied dynamics at play, with some markets showing strength while others faced challenges.