Saudi Arabia's Tadawul Leads Arab Exchanges with 62% Market Share in 2024
The Saudi stock exchange maintains its dominance amid significant growth across regional markets.
Saudi Arabia’s Tadawul has solidified its status as the leading stock exchange in the Arab world, capturing 62 percent of the total market capitalization of regional platforms in 2024, according to a report from the Arab Federation of Capital Markets.
This dominance places the Tadawul far ahead of its regional competitors, with the Abu Dhabi Securities Exchange holding 18.6 percent of the market share.
The Dubai Financial Market accounts for 5.6 percent, while the Qatar Stock Exchange commands 3.9 percent, and Boursa Kuwait retains a share of 3.2 percent.
Tadawul's robust performance is underscored by the highest turnover ratio in the region, recorded at 247.1 percent, with trading value reaching $496.6 billion, significantly surpassing other markets.
In terms of overall performance, the Arab Federation of Capital Markets reported an 84.4 percent increase in total revenues, climbing from $689,503 in 2023 to $1.2 million in 2024. The FTSE-AFCM Low Carbon Select Index also experienced notable growth, rising by 4.9 percent, indicating a growing investor interest in low-carbon initiatives.
The Iraq Stock Exchange’s ISX60 index reported a substantial increase of 20.2 percent, reaching 1,074 points, while the Muscat Stock Exchange’s MSX30 index saw a smaller increase of 1.4 percent, ending the year at 4,577 points.
Conversely, the Abu Dhabi Securities Exchange’s FADGI index declined by 1.7 percent to 9,419 points, and the QSE’s QE index dropped by 2.4 percent to 10,571 points in 2024.
The total trading volumes across Arab stock exchanges surged by 58.1 percent, exceeding $1.03 trillion.
The Egyptian Exchange led this growth with a dramatic 210.3 percent increase in trading value, reaching $324.4 billion.
Other notable performances included the Casablanca Stock Exchange, which grew by 55.2 percent, and the Damascus Stock Exchange, which saw an impressive 163.3 percent increase.
However, some platforms encountered difficulties; for example, the Palestine Exchange experienced a significant decline of 56.4 percent in trading value.
Despite variations in performance across different markets, overall trading volumes increased by 21.3 percent, and the number of trades rose by 35.9 percent, reflecting a dynamic financial landscape.
As of December, the S&P Pan Arab Composite Index exhibited a year-on-year increase of 1.9 percent.
The Amman Stock Exchange index recorded modest growth at 2.4 percent, while the Casablanca market's MASI index jumped by 22.2 percent, highlighting strong performance in the Moroccan market.
The Damascus Stock Exchange index marked the largest increase with a rise of 65.7 percent, while the Saudi Exchange index saw the smallest growth at 0.6 percent.
This dominance places the Tadawul far ahead of its regional competitors, with the Abu Dhabi Securities Exchange holding 18.6 percent of the market share.
The Dubai Financial Market accounts for 5.6 percent, while the Qatar Stock Exchange commands 3.9 percent, and Boursa Kuwait retains a share of 3.2 percent.
Tadawul's robust performance is underscored by the highest turnover ratio in the region, recorded at 247.1 percent, with trading value reaching $496.6 billion, significantly surpassing other markets.
In terms of overall performance, the Arab Federation of Capital Markets reported an 84.4 percent increase in total revenues, climbing from $689,503 in 2023 to $1.2 million in 2024. The FTSE-AFCM Low Carbon Select Index also experienced notable growth, rising by 4.9 percent, indicating a growing investor interest in low-carbon initiatives.
The Iraq Stock Exchange’s ISX60 index reported a substantial increase of 20.2 percent, reaching 1,074 points, while the Muscat Stock Exchange’s MSX30 index saw a smaller increase of 1.4 percent, ending the year at 4,577 points.
Conversely, the Abu Dhabi Securities Exchange’s FADGI index declined by 1.7 percent to 9,419 points, and the QSE’s QE index dropped by 2.4 percent to 10,571 points in 2024.
The total trading volumes across Arab stock exchanges surged by 58.1 percent, exceeding $1.03 trillion.
The Egyptian Exchange led this growth with a dramatic 210.3 percent increase in trading value, reaching $324.4 billion.
Other notable performances included the Casablanca Stock Exchange, which grew by 55.2 percent, and the Damascus Stock Exchange, which saw an impressive 163.3 percent increase.
However, some platforms encountered difficulties; for example, the Palestine Exchange experienced a significant decline of 56.4 percent in trading value.
Despite variations in performance across different markets, overall trading volumes increased by 21.3 percent, and the number of trades rose by 35.9 percent, reflecting a dynamic financial landscape.
As of December, the S&P Pan Arab Composite Index exhibited a year-on-year increase of 1.9 percent.
The Amman Stock Exchange index recorded modest growth at 2.4 percent, while the Casablanca market's MASI index jumped by 22.2 percent, highlighting strong performance in the Moroccan market.
The Damascus Stock Exchange index marked the largest increase with a rise of 65.7 percent, while the Saudi Exchange index saw the smallest growth at 0.6 percent.