Arab stock markets experienced a significant boost in trading activity in July, marked by a 28.82% increase in the volume of shares traded compared to the previous month. This surge brought the total trading volume to 261.86 billion shares, up from 203.27 billion shares in June. The Iraq Stock Exchange was a major contributor to this growth, with Egypt also playing a significant role in the rising volumes.
Despite the increase in trading activity, the overall value of transactions saw a decline. In July, the transaction value fell by 16.82% to $90.24 billion, down from $108.48 billion in June. This decrease in transaction value was noted across several major markets, including Saudi Arabia, Egypt, Dubai, Abu Dhabi, and Kuwait, indicating a broader trend across the region.
The performance of the region’s stock markets remained mixed. Egypt’s EGX30 index stood out as a strong performer, recording a gain of 5.85% during the month. Other regional exchanges also posted gains, reflecting a varied performance landscape among the major Arab equity markets.
In terms of market capitalization, the combined value of Arab stock exchanges remained relatively stable, with a slight increase of 0.06%, bringing the total to approximately $4.31 trillion. This stability in market capitalization suggests a steady investor confidence despite the fluctuations in transaction values and mixed performance across the region.
The July trading figures underscore a dynamic period for Arab stock markets, where increased trading activity was accompanied by lower transaction values, illustrating the complex interplay of factors influencing regional equity markets.
