Arab stock markets experienced a notable surge in trading activity during July, with the number of shares traded rising by 28.82% compared to June. This increase led to a total trading volume of 261.86 billion shares, up from 203.27 billion shares the previous month. The boost in trading was primarily driven by heightened activity on the Iraq Stock Exchange, followed by the Egyptian market.
Despite this uptick in trading volume, the overall value of transactions recorded a decline of 16.82%, falling to $90.24 billion in July from $108.48 billion in June. This decrease in transaction value was evident across several major markets, including Egypt, Saudi Arabia, Dubai, Abu Dhabi, and Kuwait.
The performance of regional stock markets was mixed during this period. Egypt’s EGX30 index stood out as one of the top performers, achieving a gain of 5.85% over the month. Other regional exchanges also saw positive movements, though the results varied across different markets.
In terms of market capitalization, the combined value of Arab stock exchanges showed little change, experiencing a slight increase of 0.06% to reach approximately $4.31 trillion. This stability in market capitalization highlights the complex dynamics at play, with increased trading activity offset by weaker transaction values and varied performance among key equity markets in the region.