Quarterly figures on the performance of the newest members of the Arab Stocks Database (which tracks the share movements of regional bourses) have just been released, according to a report from Gulf News Online.
The news service revealed that first quarter results for the twin stock markets in Dubai and Abu Dhabi (UAE), and Quatar's Doha Securities Market show that the exchanges added more than $21.8 billion to the total market capitalisation of the 12 regional bourses.
The Abu-Dhabi based Arab Monetary Fund (AMF) which manages the database, announced that of the 12 markets listed, the UAE recorded the highest growth in the first quarter.
The AMF's quarterly report revealed that the index of the Abu Dhabi Securities Market rose by 8.8% to 108.8 points at the end of March, and the Dubai exchange grew by around 5% to 105.0 points.
The other regional markets listed on the the Arab Stocks Database are in Bahrain, Kuwait, Saudi Arabia, Egypt, Jordan, Tunisia Lebanon, Oman, and Morocco.
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