Today: 11 July 2025
11 January 2024
1 min read

Arab Stock Markets Secure Record Gains in 2023; UAE, Saudi Lead

The UAE led the charge, adding $117.5 billion to its market value, reaching $990.6 billion by the end of last year….reports Asian Lite News

Arab stock markets soared to record highs in 2023, with combined gains of $493 billion (AED 1.81 trillion), propelled by strong performances in the UAE and Saudi Arabia.

The market capitalisation of Arab stock exchanges rose to about 4.558 trillion, 216 million, and 586 thousand dollars at the end of 2023, compared to about 4.65 trillion, 559 million, and 3 dollar at the end of 2022. according to official data compiled by WAM.

The UAE led the charge, adding $117.5 billion to its market value, reaching $990.6 billion by the end of last year. This remarkable feat was fueled by robust growth on both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM). ADX added $88.8 billion to its capitalisation, climbing to $803.4 billion, while DFM witnessed a $28.7 billion increase, bringing its total market value to $187.2 billion.

The Saudi Stock Exchange (TADAWUL) was another major standout, generating $368.2 billion in gains and catapulting its market capitalisation to over $3 trillion.

Egypt’s stock exchange also posted impressive gains, adding $16.8 billion and expanding its market value to $55.6 billion.

The Casablanca Stock Exchange soared $9.6 billion to $63.2 billion and Beirut Stock Exchange surged $5.9 billion to $20.4 billion. Qatar Stock Exchange maintained momentum, adding $4.5 billion to reach $171.6 billion.

Emerging markets also saw promising gains. Damascus soared to $4.27 billion, while Muscat edged up $170.3 million to $61.8 billion and Tunisia added $137.5 million to reach $7.9 billion.

By year-end 2023, Kuwait Stock Exchange stood at $131.6 billion, Oman Stock Exchange at $23.9 billion, Bahrain Stock Exchange at $20.6 billion, and the Palestine Stock Exchange at $4.62 billion.

ALSO READ: UAE President Stresses Ties with India at Vibrant Gujarat Summit

Previous Story

BRICS Focus: UAE and India’s Pledge to Multilateralism

Next Story

UAE Vice President Allocates Dh150M to Support Content Creators

Latest from -Top News

Masdar powers ahead in UK

€15 billion clean energy alliance powers ahead with East Anglia THREE investment and Baltic Eagle energisation….reports Asian Lite News Masdar, the UAE-based global clean energy powerhouse, and Iberdrola, one of the world’s

Indian Doctor Gets Top Sharjah Award

The award was presented by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. In a moment of immense pride for the Indian diaspora, renowned paediatrician-turned-entrepreneur Dr.

Peace talks in the desert

President H.H. Sheikh Mohamed reiterated the UAE’s unwavering support for initiatives aimed at fostering sustainable peace, dialogue, and development in the South Caucasus. He also applauded the willingness of the Armenian and

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

Red Sea Warzone

Iran-backed rebels intensify maritime assaults in support of Gaza; US and EU condemn abductions, Israel intercepts missile….reports Asian Lite News The Iran-aligned Houthi rebels have stepped up their maritime offensive in the
Go toTop

Don't Miss

UAE tops commodity trading hubs

The UAE has maintained its position among the top global

Abdullah bin Zayed meets FM of Greece

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign