Arab stock markets improved by 6.3% and Gulf Cooperation Council equity markets rose by 5.9% in the first quarter 2018, relative to decreases of 0.4% and 0.9%, respectively, in the same quarter of 2017. In comparison, global equities declined by 1.3%, while emerging market equities regressed by 0.5% in the covered quarter. Activity on the Egyptian Exchange jumped by 16.2% in the first quarter of 2018, the Tunis Bourse surged by 14.3%, the Khartoum Stock Exchange increased by 9.1%, the Iraq Stock Exchange expanded by 9%, the Saudi Stock Exchange improved by 8.9%, the Beirut Stock Exchange grew by 6.6%, the Casablanca Stock Exchange increased by 5.4%, the Amman Stock Exchange grew by 5%, the Abu Dhabi Securities Exchange improved by 4.3%, the Boursa Kuwait expanded by 3.5%, the Damascus Securities Exchange increased by 2.4% and the Qatar Stock Exchange appreciated by 0.6%. In contrast, activity on the Dubai Financial Market dropped by 7.8%, the Muscat Securities Market declined by 6.4%, the Palestine Exchange decreased by 1.6% and the Bahrain Bourse regressed by 1% in the covered quarter. In parallel, activity on the Tehran Stock Exchange rose by 1.4% in the first quarter of 2018.
Source: Local stock markets, Dow Jones Indices, Byblos Research
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