Market capitalisation of Arab stock exchanges climbed by around $22bn in August
Stock Exchange
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ADX
Markets meltdown: UAE DFM, ADX, Saudi Tadawul drops as investor fear grows
Emaar, Emirates NBD, DIB sees massive drops alongside shares in ADX and Tadawul as global markets are affected by investor sentiments with Wall Street’s ‘fear index’ reaching its highest level in four years
Abu Dhabi Stock Exchange
UAE and Saudi Arabia lead $493bn Arab stock market gains in 2023
UAE and Saudi drive Arab stock market growth in 2023
Capital Markets
Dubai’s stock market DFM and Shanghai Stock Exchange sign MoU to strengthen capital markets ties
This partnership represents a significant milestone in cross-border collaboration and aims to facilitate the exchange of knowledge, expertise, and information between the exchanges
Baghdad
Rabee Securities launches cutting-edge trading platform for Iraqi stock market
The launch of the new trading app comes amid Iraq’s stock market gaining rising traction among investors, as the country continues to experience increased security and stability
India
India to allow certain public companies to list directly on foreign stock exchanges
Currently, Indian companies will have to obtain Global Depository Receipts (GDRs) to access foreign exchanges
Saudi Stock Exchange
Saudi exchange launches 4 new indices
Saudi Arabia’s Tadawul launches new indices for investors
Egyptian Finance Ministry
Egypt to offload part of government stake in Telecom Egypt
The first batch of share sales, 9.5 percent of the telecom company’ shares were sold on Thursday
Abu Dhabi bourse
UAE, Saudi stock markets rise amid receding fears on banking collapse
Rising energy prices have also lifted morale in the market, with the Dubai Financial Market hitting a 6-month high
Abu Dhabi Securities Exchange
Abu Dhabi stock exchange: $4.2bn of major deals in 2023
10 bumper deals on Abu Dhabi exchange have seen more than $4.2bn of shares change hands so far this year
Abu Dhabi bourse
Emirates NBD unlocks ADX trading for customers
Traders can open an instant trading account through the new partnership
Adani Enterprises
Adani Group tumbles $12.25bn amid Hindenburg report fallout
The report by Hindenburg, a US-based investment research firm with a focus on activist short-selling, claimed that the seven key listed companies of Adani Group are “85%+ overvalued even if you ignore our investigation and take the companies’ financials at face value”.
Adani Enterprises
Adani Group shares tank as Hidenberg Research reveals short positions ahead of $2.45bn mega FPO
Gulf sovereign wealth funds and financial institutions, including its strategic equity partner IHC, are reportedly likely to be the biggest investors in the Adani Enterprise FPO
Adani Enterprises
Adani Enterprises files offer letter with Indian stock exchanges for a proposed $2.44bn FPO: Reports
Gulf sovereign wealth funds and financial institutions, including the company’s strategic equity partner International Holding Company (IHC), are reportedly to be the biggest investors in the FPO
Egypt
Saudi Arabia’s PIF unit spends $1.3 billion to buy stakes in four Egypt-listed firms
Egypt turned to Gulf countries and the private sector for financial aid as it continues to be affected largely by the Ukraine-Russia conflict
Abu Dhabi
Abu Dhabi bourse partners with TradingView to attract global investors
The regional stock exchange’s market data can be accessed by local, regional and international investors via the US-based financial information portal
Abu Dhabi
Agro-food trader Invictus lists on ADX Growth Market
There have been 13 companies that listed on the ADX parallel market since inception
