UAE Markets account for fifth of Arab exchanges' liquidity

Saturday, 22 April 2023 12:28

By ARN News Staff

The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 per cent of the Arab exchanges' liquidity in last week’s trades.

According to the weekly newsletter of the Arab Monetary Fund (AMF), Arab exchanges attracted liquidity amounting to nearly $10.28 billion last week, of which ADX and DFM share amounted to nearly $2.009 billion.

The newsletter noted that ADX’s liquidity increased by 2.22 percent last week from $1.489 billion to $1.522 billion, while DFM’s liquidity surged by 41.4 per cent from $344.4 million to $486.06 million.

More from Business

Standard Chartered issues clarification on local operations

Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
IEA proposes record release of strategic stocks in response to Iran war oil price surge

The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
H.H. Sheikh Hamdan highlights economic resilience at Dubai Majlis

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, attended a specially convened Dubai Majlis to discuss strategies to reinforce economic resilience.
Oil sinks 11% as Trump predicts Middle East de-escalation

Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.