Arab stock market posts USD95b gain in Q1 

(MENAFN) The Arab Monetary Fund (AMF) said that in 2012's first three months, the Arab stock market soared by around USD95 billion, following a drop of USD107 billion last year due to political upheaval, reported Emirates 24/7.

The AMF added that around USD69.3 billion was gained in Saudi, to reach USD408 billion from nearly USD338.7 billion, representing about 73 percent of the total Arab market growth, followed by slight rises in other Gulf markets.

It also said that the combined market capitalization of 14 official exchanges in the Arab world jumped from USD884.5 billion at the end of last year to USD979.5 billion at the end of the first quarter.

It is worth noting that Dubai's market increased to USD53.9 billion, from USD49.5 billion at the end of 2011, whereas Abu Dhabi rose to nearly USD69 billion from USD64.6 billion.