The Arab Monetary Fund published issue 123 of its quarterly bulletin on the performance of Arab stock markets, reporting mixed results by the end of the fourth quarter of 2025 despite a positive trend in most advanced and emerging markets. The AMF composite index fell 1.04% compared with the end of the third quarter of 2025, while remaining up 5.61% year on year. Indices rose in 10 Arab markets, led by Amman (+19.07%), Egypt (+14.07%) and Muscat (+13.22%), while six exchanges recorded declines, most notably Saudi Arabia and Damascus. Total market capitalisation across Arab financial markets decreased by around USD 107bn (2.48%) to USD 4,208.08bn, while trading value increased to USD 261.42bn, up USD 9.19bn. The bulletin links the quarter’s mixed performance to declining oil prices, weaker energy and petrochemicals performance, profit-taking, anticipation of corporate results, and broader economic, trade and geopolitical developments, with a cautious regional investment environment as 2026 approached.