Saudi Bourse Dominates GCC with Total Trading Volume of $499 Billion Last Year

A report on the most liquid markets in the GCC area was recently published, showing that the Saudi Bourse ranked at number one with $449 billion in market value in 2016.

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The Saudi Bourse was followed by Saudi Arabia, which showed a result of $222 billion. The United Arab Emirates’ (UAE) financial markets were third on the list, with total trading volumes estimated at $155.5 billion in securities in 2016.

The Kuwaiti financial markets came in fourth place with $88.3 billion, and Oman was fifth with $45 billion. Bahrain came in at number six with a result of $19.2 billion, according to the UAE official news agency WAM.

Among all 126 listed financial entities, which included foreign firms, UAE markets were ranked highly. Banks, insurance, and property firms constitute a significant part of the UAE markets, These, in turn, are more than 50 percent of the total entities listed under the Abu Dhabi Securities Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and Dubai’s Financial Market.

In terms of trading values, the United Arab Emirates had a turnover worth $50 billion in 2016. The Saudi market hit the $308 billion mark, while the Kuwaiti financial market reached $9.5 billion.

Last week, Finance Magnates covered the Emirates NBD Group, a major bank in the United Arab Emirates and in the Middle East region, being named a general clearing member by the UAE’s Securities and Commodities Authority (SCA). The regulatory approval means that the banking group can now enable DFM and ADX clients to have their clearing Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term for trades on the exchange by Emirates NBD.