UAE Business: Abu Dhabi Exchange records highest trading value in Arab region for May – Gulf Digital News

UAE Business: Abu Dhabi Exchange records highest trading value in Arab region for May – Gulf Digital News

The Abu Dhabi Securities Exchange (ADX) has recorded the highest increase in trading value among the Arab financial markets in May at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase, according to Arab Monetary Fund (AMF).

The AMF in its monthly newsletter covering Arab financial markets published today (June 11) said that the return of activity of initial public offerings (IPO) had boosted the performances of Arab financial markets last month, thus 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 percent at the end of May 2022 compared with the end of April 2022, reaching some 502.73 points.

The market value of Arab markets too recorded a slight decrease by 0.6 percent, amounting to $5.168 billion, at month end.

The Beirut Stock Exchange topped Arab exchanges in terms of market capitalisation gains with an increase of 39.50 percent, reflecting the rise in trading activity in the banking sector.

Arab exchanges recently continued their efforts to expand their scope through new offerings, most notably the IPO of "Borouge" on the Abu Dhabi Stock Exchange, which is the largest initial offering in the history of