The market value of the ten largest stock exchanges in the world increased by 20 percent (12.39 trillion dollars) within five months, to reach 73.03 trillion dollars at the end of last August, compared to 60.64 trillion dollars at the end of last March, which coincided with the resounding collapse of financial markets due to the outbreak of a pandemic. Corona.
According to the monitoring unit of the reports in Al-Eqtisadiah newspaper that was based on Tadawul data and the websites of global stock exchanges and the World Federation of Exchanges.
The Saudi market topped the Arab bourses and the Middle East region in terms of market value by 2.39 trillion dollars (8.98 trillion riyals) by the end of last August.
The Saudi stock market achieved the highest growth in the market value on an annual basis at the end of last August among the ten largest stock exchanges by market value in the world.
The market value of local shares rose by 371 percent, and this came as a result of the listing of Saudi Aramco on December 11th, which competes with Apple for the largest listed company in the world.
The ranking of the ten largest stock exchanges around the world in terms of market value at the end of last August, led by the New York Stock Exchange “United States” with 20.39 trillion dollars, down 10 percent from the same month last year.
Second, the Nasdaq Stock Exchange “the United States” came in at $ 17.25 trillion, up 48 percent, then the Shanghai Stock Exchange “China” came third with $ 6.33 trillion, up 39 percent.
The Tokyo Stock Exchange “Japan” came in fourth place with $ 5.98 trillion, up 8 percent, and the Hong Kong Stock Exchange (China) by $ 5.49 trillion, up 44 percent.
And in sixth place came the Shenzhen Stock Exchange “China” with 4.76 trillion dollars, up 60 percent from August 2019, then Euronext “Europe” by 4.61 trillion dollars, up 10 percent.
Eighth, the London Stock Exchange “Britain” by 3.47 trillion dollars, down 5%, and the ninth, the Saudi stock market, “Tadawul”. And in tenth place came the Toronto Stock Exchange, “Canada”, with 2.35 trillion dollars, up 5 percent.Economic Reports Unit
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