GCC Securities Markets Capitalization

Saudi Dunes said:

You guys I have a quick question. These stock markets (especially the Saudi Bourse) have been growing at amazing rates I mean 75 and 80 percentage points. Are the central banks worried that this might lead to overheating, and an eventaul market crash? I mean I have been hearing wierd stories, where you have have losing companies still posting share price increases (this is probably due to the very very high liquidity and limited investment options) but still.....isn't it worrying?

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There are no losing companies in the Saudi Stock Market except three, and they represent less than 1% of the total market capitalization out of the 74 listed companies (excluding the newly IPOs). Those two shares along with other low profit shares have not gained much trading this year. As a mater of a fact, the services sector index didn't change at all that year. Also the Electric Index lost more than 15% in two months. The growth in the TASI this year was lead by the Industrial, Banking, and Insurance Indices with +50, +20 and +30 respectively.

With this year's huge profits for the listed companies, the P/E ratio of the market is 25-30. For some companies it's even lesss than 15.

I don't think that we'll see any market crash. The Saudi liquidity is increasing with the current high oil prices. I rather see the market growing to reach $500,000,000 of market capitalization which would put the Saudi Market in the top 10 markets in the world, if not 5.

The money the people of dubai make isnt their investment in dubai but outside like indian,etc. besides that most of the milionaires of Iran and India live in dubai! Most of those numbers are fractions from what is really made, most of the money is what the locals invested outside the country, they have been merchants like this for thousands of years and still are. Thought recently many investors are thinking of bringing their money into the country since they feel the world isnt stable like it was. Too bad Many kuwaitis tried to invest in lebanon and after the death of the Hariri everything went bad...... They should look more forward for a country that has a population and labor for example Yemen and Egypt. locals there dont mind working in factories thought, Kuwaitis,Qataris,etc. i dont think they will agree its a problem in our society stereotypes we should get rid of to be able to became industrial and have a stronger economy.

Here's the latest details. I'm not sure about Abu Dhabi's market. Its market cap is either $76,511,340 or $66,511,340. I think that the AMF website posted the wrong value either on this list or the list I posted last week. I really doubt it that the market grew 15% in one week.


________________________________Value Traded_____Market Capitalization
ABU DHABI SECURITIES MARKET_____ 106,902,300 ________ 76,511,340,000
BAHRAIN STOCK EXCHANGE_________ 1,609,800 __________16,272,690,000
DOHA SECURITIES MARKET_________ 147,842,500 ________ 89,983,670,000
DUBAI FINANCIAL MARKET__________ 159,910,774 _________48,419,380,000
KUWAIT STOCK MARKET____________ 338,531,000 _________88,421,400,000
MUSCAT SECURITIES MARKET________ 16,760,500 ________ 8,949,520,000
SAUDI STOCK MARKET_______________3,180,309,500 ____ 379,797,917,000
Total _____________________________ 3,951,866,374 ____708,355,917

March 26th

_____________________________________ Market Capitalization
ABU DHABI SECURITIES MARKET_____________ 69,697,310,000
BAHRAIN STOCK EXCHANGE_________________16,121,980,000
DOHA SECURITIES MARKET_________________ 88,546,150,000
DUBAI FINANCIAL MARKET__________________ 49,865,630,000
KUWAIT STOCK MARKET____________________ 86,869,190,000
MUSCAT SECURITIES MARKET________________ 9,093,890,000
SAUDI STOCK MARKET____________________ 396,725,793,000
Total __________________________________ 716,919,943,000

March 30th

_____________________________________ Market Capitalization
ABU DHABI SECURITIES MARKET_____________ 78,773,880,000
BAHRAIN STOCK EXCHANGE_________________ 16,089,900,000
DOHA SECURITIES MARKET_________________ 84,400,280,000
DUBAI FINANCIAL MARKET__________________ 47,682,150,000
KUWAIT STOCK MARKET____________________ 88,855,040,000
MUSCAT SECURITIES MARKET________________ 9,245,510,000
SAUDI STOCK MARKET____________________ 405,217,000,000
Total __________________________________ 720,263,760,000


For the first time, the market cap of the Saudi market reached $ 400 billion which accounts for nearly 50% of the market cap of all Arab securities markets. I think this market cap puts TASI on the top 20 if not 10 of largest stock markets in the world in terms of market capitalization.

August 20th

_____________________________________ Market Capitalization
ABU DHABI SECURITIES MARKET_____________ $ 98,329,840,000 ______ +25%
BAHRAIN STOCK EXCHANGE_________________ $ 15,486,540,000 ______ -4%
DOHA SECURITIES MARKET_________________ $ 93,727,080,000 ______ +11%
DUBAI FINANCIAL MARKET__________________ $ 75,260,490,000 ______ +58%
KUWAIT STOCK MARKET____________________ $ 112,096,120,000______ +26%
MUSCAT SECURITIES MARKET________________ $ 11,262,510,000______ +22%
SAUDI STOCK MARKET____________________ $ 563,930,190,000 ______ +39%
Total __________________________________ $ 970,092,770,000______ +39


Dubai is the fastest growing in the past 3 months while Bahrain seems to be the slowest.