The Arab Monetary Fund issued the 54th edition of its Monthly Bulletin of Arab Capital Markets for December 2024, reporting that its Composite Index for Arab capital markets increased by 1.03% by month-end, supported by positive performance across most exchanges covered. Ten stock exchanges recorded index gains, with performance attributed to declining interest rates, lower inflation, and increased lending and investment activity, alongside improved liquidity and trading volumes linked to investor expectations for 2024 corporate earnings. The FTSE Russell quarterly review for emerging market indices, including the addition of new Arab companies, was cited as a further support for several exchanges, while ongoing efforts to broaden market bases included upgrading companies from secondary and parallel markets to main markets. Four exchanges declined due to weaker activity in key sectors including telecommunications and basic materials, alongside downturns in commercial and consumer services in several markets; the Dubai Financial Market led gains at 6.42%, followed by the Palestine Exchange at 4.85% and the Iraq Stock Exchange at 4.14%, while losses among decliners ranged from 0.43% in Casablanca to 7.64% in Damascus.
Arab Monetary Fund 2025-01-30
Arab Monetary Fund publishes December 2024 capital markets bulletin showing 1.03% rise in its composite index
The Arab Monetary Fund's December 2024 Monthly Bulletin reports a 1.03% increase in its Composite Index for Arab capital markets, driven by declining interest rates, lower inflation, and increased investment activity. Gains were noted in ten exchanges, with the Dubai Financial Market leading at 6.42%, while four exchanges saw declines, with Damascus experiencing the largest drop at 7.64%.