Mubasher: The Saudi Stock Exchange (Tadawul) is on top of the Arabian stock markets when it comes to the market capital, according to the latest report by the Arab Federation of Exchanges (AFE).
Tadawul’s market cap totalled $353.431 billion by the end of the third quarter of 2016, nearly 35% of the total capital of Arabian markets which amounts to $1.017 trillion, showed the report.
The Qatar Stock Exchange (QSE) came in second with $153.628 billion or nearly 15% of total capitals, followed by the two Emirati bourses, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) respectively, with $120.487 billion for ADX, and $91.12 billion for DFM.
The market cap of the Kuwait Stock Exchange (KSE) totalled $81 billion, followed by Morocco’s Casablanca Stock Exchange (CSE) with $52.06 billion, and the Egyptian Exchange (EGX) with $46.04 billion.
The report indicated that the combined capital of the 16 Arabian markets reached $1.017 billion by the end of Q3-16, while traded values reached $65.3 billion during the quarter.
