July saw a notable surge in trading activity across Arab stock markets, with the volume of shares traded rising by 28.82% compared to the previous month. The trading volume reached an impressive 261.86 billion shares, up from 203.27 billion shares in June. This increase was largely attributed to heightened activity on the Iraq Stock Exchange and the Egyptian market.
Despite this upswing in trading volume, the overall value of transactions experienced a decline, dropping 16.82% to $90.24 billion in July from $108.48 billion in June. Several major markets, including Egypt, Saudi Arabia, Dubai, Abu Dhabi, and Kuwait, saw declines in transaction values, reflecting a mixed performance in the region.
Amidst these developments, Egypt’s EGX30 index stood out as one of the top performers, registering a gain of 5.85% over the month. Other regional exchanges also recorded gains, contributing to the diverse outcomes across Arab equity markets.
The collective market capitalization of Arab stock exchanges remained relatively stable, with a slight increase of 0.06%, bringing the total to approximately $4.31 trillion. These figures underscore an environment of increased trading activity, even as transaction values dipped and performance varied among the major markets in the region.