Tunis Stock Exchange outperforms Arab stock exchanges in increasing value and trading volume

The trading value in Arab financial markets experienced a significant growth of nearly 3.80% by the end of the week on October 13, 2023. This surge was driven by increased trading activities on eight Arab exchanges, while seven others witnessed a decline. Among them, the Tunis Stock Exchange stood out with the most substantial increase, soaring by 215.28% in terms of trading value.

However, the trading volume on Arab exchanges took a hit, dropping by approximately 17.27%. This decline was a result of decreased activities on seven Arab exchanges, although eight others saw an uptick. Once again, the Tunis Stock Exchange led the way in terms of growth, boasting a remarkable 108% increase in trading volume.

Meanwhile, the Arab Monetary Fund (AMF) index for Arab financial markets experienced a decline of about 0.70%, equivalent to 3.45 percentage points, settling at approximately 486.79 points compared to its level recorded on October 6, 2023.

In this context, most performance indices of Arab stock exchanges documented a decline. Ten Arab stock exchanges witnessed a decrease in their performance due to lowered liquidity and market capitalization indicators in some, attributed to underperformance in the banking, real estate, and financial sectors. Furthermore, ongoing developments in the Middle East, mirroring global trends in American and European financial markets, also impacted these outcomes.

Additionally, the reduction in performance indices for some Arab stock exchanges stemmed from a decrease in investment rates. This was a consequence of deficits in the financing flows of foreign investors in certain exchanges.

Conversely, the performance indices of four other Arab stock exchanges showed improvement during the past week. This positive shift was propelled by rising value indices, particularly in the health, technology, and consumer services sectors. Moreover, the energy sector index experienced an increase due to gains in global oil prices.

Regarding market capitalization, Arab financial markets witnessed a slight uptick of around 0.01% during the week ending October 13, 2023. This improvement was observed in four Arab stock exchanges, whereas nine others recorded a decline in their market capitalization.