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.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. Russia’s war economy boosted by rising oil prices
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss