THE ARAB MONETARY FUND ISSUES THE EIGHTH ISSUE OF THE "ARAB CAPITAL MARKETS WEEKLY BULLETIN"

by **claud39** Mon Sep 14, 2020 10:42 am

THE ARAB MONETARY FUND ISSUES THE EIGHTH ISSUE OF THE "ARAB CAPITAL MARKETS WEEKLY BULLETIN"
2020-09-14

The performance indicators of nine Arab financial markets declined last week, amid cautious investor performance in light of fears of a possible second wave of the spread of the new Corona virus, and a decline in global oil prices and global stock market indices.
The Arab Monetary Fund’s Composite Index of Arab money markets ends last week’s transactions, recording a slight decrease of 0.05 percent

As part of its efforts to develop the financial sector in the Arab countries, the Arab Monetary Fund publishes the “Weekly Bulletin of Arab Financial Markets” that monitors the most important developments in Arab financial markets based on the Arab Monetary Fund's database of Arab financial markets, and on the data issued by Arab stock exchanges. The eighth issue of the bulletin indicated that the Arab Monetary Fund’s Composite Index for Arab Financial Markets ended the transactions of the week ending on the tenth of September at 424.41 points, compared to 424.90 points recorded by the index on Thursday, September 3, 2020, with a slight decrease of 0.05 percent.

The closure of the Arab financial markets varied during the past week, amid a cautious performance by investors, which in turn reflected on the performance of the indicators of most Arab stock exchanges in light of concerns about the repercussions of a possible second wave of the spread of the emerging Corona virus, and also affected by the decreases recorded in global oil prices and global stock market indices recorded during that period.

Five Arab stock exchanges achieved a rise last week, led by the stock exchanges of Tunisia, Saudi Arabia and Iraq, whose performance indicators recorded an increase of 1.38, 1.12 and 0.71 percent, respectively, while the Casablanca and Amman stock exchanges increased by 0.40 percent each. On the other hand, the performance indicators of nine Arab stock markets witnessed a decline, led by the Muscat Market, whose index fell by 1.60 per cent, and the Bahrain Stock Exchange by a decrease of 1.45 per cent.

In terms of trading activity, it recorded a significant increase in the Iraq market, as the volume of trading in the market increased by approximately 313 per cent at the end of last week’s transactions. This increase strengthened the incentives provided by the market to investors with the aim of strengthening investment awareness and continuing with remote trading. Trading volume also registered a significant increase in the Beirut Stock Exchange, up by 294%. On the other hand, trading volume recorded a decline in a number of Arab stock exchanges last week, as the markets of Muscat, Damascus and Palestine recorded a decrease in trading volumes by rates ranging between about 39 and 91 percent. In terms of trading value, the Beirut Stock Exchange and the Iraq Stock Exchange recorded the highest trading values, with an increase of 172.78 and 89.43 percent, respectively. While the value of trading declined in a number of other Arab stock exchanges during the past week.

In terms of changes in the market value, three Arab stock exchanges recorded an increase in the market value of the listed stocks at the end of last week, as Beirut, Casablanca and Palestine Stock Exchanges each achieved gains of 2.88, .0.35 and 0.12 percent, respectively. On the other hand, the stock exchanges of Bahrain, Abu Dhabi and Egypt decreased by 1.45, 1.47 and 1.68 percent, respectively. The rest of the Arab stock exchanges witnessed a decline in their market value, by rates less than 1%. According to trading data on both the Nasdaq Stock Exchange and the Saudi Stock Exchange during the past week, Aramco's share topped the shares listed in the global financial markets as the largest company by market value, surpassing Apple's stock with a market value of $ 2.11 trillion, compared to $ 1.92 trillion for Apple.

On the level of the most important developments in the Arab financial markets during the past week, the Saudi Capital Market Authority announced, in continuation of its efforts to support innovations in the field of modern financial technologies, its approval of the application for a financial technology experiment permit submitted by a financial technology company, to test social trading technology that gives a group of clients an opportunity Reviewing the investment portfolios of other clients, and also reviewing the transactions executed for the benefit of these portfolios, in order to be guided by their investment strategies. On the other hand, last week witnessed the Kuwait Stock Exchange organizing its first institutional day remotely, with the aim of providing a deeper look at the benefits of investment in the Kuwaiti capital market and introducing investment opportunities in the market. In order to expand the investor base and enhance the performance of the market, the Damascus Stock Exchange announced the issuance of mechanisms and controls for using the Internet trading service.

In this context, it is noteworthy that the Arab Monetary Fund has been concerned, since 1995, with monitoring the evolution of the periodic performance of Arab stock exchanges through the computation of a composite index that measures the development of the performance of the Arab financial markets collectively, weighted by the market value of these exchanges, and the index currently includes seventeen Arab financial markets.

Link to the full version of the issue

https://www.amf.org.ae/ar/content/weekly-ASM-8

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D9%8F%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%AB%D8%A7%D9%85%D9%86-%D9%85%D9%86-%D8%A7%D9%84%D9%86%D8%B4%D8%B1%D8%A9-%D8%A7%D9%84%D8%A3%D8%B3%D8%A8%D9%88%D8%B9%D9%8A%D8%A9-%D9%84%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9

by **claud39** Mon Sep 14, 2020 10:44 am

THE ARAB MONETARY FUND ORGANIZES A REMOTE COURSE "RISK MANAGEMENT IN ISLAMIC BANKS" ABU DHABI - UNITED ARAB EMIRATES
2020-09-14

A remote training course on “Risk Management in Islamic Banks”, organized by the Training and Capacity Building Institute at the Arab Monetary Fund, opened today at the Fund’s headquarters in Abu Dhabi during the period 13-24 September 2020.

In recent years, the contribution of Islamic banks to the financial systems of Arab countries has increased considerably, and has become a systemic importance in at least five Arab countries. Arab countries also acquire about 55% of the assets of the Islamic financial industry worldwide.

These banks have a greater contribution to promoting economic growth and social welfare through the financial products and services they provide that meet the desires and needs of a wide range of economic dealers.From the foregoing, it makes the responsibility to maintain the safety and durability of these banks among the priorities of the supervisory and supervisory authorities in the Arab countries, and this can only be done by adopting the best practices regarding banking risk management, identifying them in their various stages, estimating and measuring them using scientific and objective methods, and then choosing the appropriate method for dealing This is what the course aims at by acquainting the participants with the most important elements of corporate risk management in Islamic banks and its main requirements, including standards issued in this regard by the Islamic Financial Services Board (IFSB), as well as best practices related to risk management. The course also addresses the most important Modern applied models used in measuring credit risk and market risk.

On this occasion, in the speech of His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund: [url=https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9 %D9%85%D8%B9%D8%A7%D9%84%D9%8A %D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1 %D8%A7%D9%84%D8%B9%D8%A7%D9%85 %D8%B1%D8%A6%D9%8A%D8%B3 %D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9 %D9%81%D9%8A %D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD %D8%AF%D9%88%D8%B1%D8%A9 %D8%A5%D8%AF%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%B1 %D8%A8%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83 %D8%A7%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A%D8%A9.pdf]the full text of the speech[/url]

https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9%20%D9%85%D8%B9%D8%A7%D9%84%D9%8A%20%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1%20%D8%A7%D9%84%D8%B9%D8%A7%D9%85%20%D8%B1%D8%A6%D9%8A%D8%B3%20%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9%20%D9%81%D9%8A%20%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD%20%D8%AF%D9%88%D8%B1%D8%A9%20%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9%20%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%B1%20%D8%A8%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83%20%D8%A7%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A%D8%A9.pdf

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D9%86%D8%B8%D9%85-%D8%AF%D9%88%D8%B1%D8%A9-%D8%B9%D9%86-%D8%A8%D8%B9%D8%AF-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%B1-%D8%A8%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A%D8%A9-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%E2%80%93-%D8%AF%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA