MENA stock markets lose USD 140bn in five weeks amid unrest.

By bne IntelliNews March 7, 2011
The political unrest in the MENA region led its stock markets to lose nearly USD 140bn in market capitalisation during the last 39 days with their market capitalisation plunging to USD 862bn on March 4 from USD 1bn on January 25, daily Ilttihad reported, citing a report by the Arab Monetary Fund. In 2010, the bourses' market capitalisation advanced by 9% to USD 983.8bn. The losses were intensified due to investments decline and lower financial results of most companies in the region. The report added that the initial public offerings (IPOs) in the region numbered 27 in 2010, raising USD 2.75bn compared with 17 issues worth USD 1.98bn in 2009 and a record high of 71 issues worth USD 14.4bn in 2007. UAE-based Emirates Business 24/7 reported late in February that the Arab stock markets declined by as much as USD 24bn during the month and market capitalisation slumped to nearly USD 930bn due to the regional political problems.

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