ADX posts Arab region’s highest trading surge of 292.6pc in May: AMF

ADX posts Arab region’s highest trading surge of 292.6pc in May: AMF

The AMF in its monthly newsletter noted that the return of activity of initial public offerings (IPO) have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion

The increase in ADX’s market cap is attributed to a spate of IPOs in the last few quarters including Abu Dhabi Ports, Fertiglobe, Adnoc Drilling, Alpha Dhabi and Multiply Group. — File photo

Published: Sun 12 Jun 2022, 5:34 PM

The Abu Dhabi Securities Exchange, which hit a landmark Dh2 trillion capitalisation last week, recorded the highest increase in trading value among Arab financial mark at 292.64 per cent while the Palestine Exchange topped the list in terms of trade volume increase, according the Arab Monetary Fund (AMF),

The AMF in its monthly newsletter noted that the return of activity of initial public offerings (IPO) have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion.

The AMF’s composite index of Arab capital markets recorded a decrease of 1.29 per cent at the end of May 2022 compared with the end of April 2022, reaching some 502.73 points.

The market value of Arab markets recorded a slight decrease