Mubasher: The market capitalization of the Arab markets grew 1.3% to reach $997.9 billion during the second quarter of 2016 compared to $984.9 billion by the end of Q1-16, according to a report released by the Arab Monetary Fund (AMF).
The fund highlighted that the Arab markets are still affected by the low global oil prices.
Regarding the performance of the markets in Q2-16, Saudi, Muscat and Damascus Stock Exchanges achieved the highest levels by gaining 5.2%, 4.3% and 4.2%, respectively.
AMF added that Kuwait, Morocco and Dubai Stock Exchanges also levelled up by 2.1%, 0.7% and 0.3%, respectively, while the Egyptian Exchange was down 8.3%, affected by the economic developments.
On the other hand, the price indices of the Arab markets dropped, where Qatar Stock Exchange 4.3%, Bahrain 4.1%, Jordan 3.6%, Abu Dhabi 3.5%, Tunis 2.7%, Palestine 1.9% and Lebanon 1.4%.
