In a notable shift in Arab stock markets, July saw a substantial increase in trading activity, marked by a sharp 28.82% rise in the volume of shares traded from the prior month. The total trading volume soared to 261.86 billion shares, up from June’s 203.27 billion shares. This surge was primarily fueled by the Iraq Stock Exchange, with Egypt also contributing significantly to the uptick.
Despite the heightened trading volume, the overall value of transactions witnessed a downturn, declining by 16.82% to $90.24 billion in July, compared to $108.48 billion in June. This decrease in transaction value was seen across several key markets, including those in Egypt, Saudi Arabia, Dubai, Abu Dhabi, and Kuwait.
Performance across the region’s stock markets remained varied. Egypt’s EGX30 stood out as a robust performer, registering a 5.85% gain during the month. Meanwhile, other regional exchanges also experienced gains, although the performance was not uniform across all markets.
The overall market capitalization of Arab stock exchanges showed minimal fluctuation, with a slight increase of 0.06%, bringing it to approximately $4.31 trillion. These figures underscore a rise in trading activities throughout the region, despite the dip in transaction values and the mixed performance of major Arab equity markets.