The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
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MENA accounted for 20% of total portfolio flows to emerging financial markets from 2016-2018.
The Saudi Arabian state-run oil company had its initial public offering (IPO) last week. Its market value exceeds that of the world’s five biggest oil companies combined.
Saudi state-owned oil company IPO received approval by the financial regulatory authority and is set to run next December in what’s expected to be the biggest share sale in history.
For the first time, the Saudi national petroleum company disclosed its public financial report and will make an unheard-of conference to present results in August.
The main index of the São Paulo Stock Exchange closed above 96,000 points this Friday, up 0.78% from the day before.
The North American currency slid 0.69% this Friday after having reached a record high on Thursday.
The North American currency rose 1.21% this Thursday and ended the day at BRL 4.196, the highest nominal value since the launch of Plano Real, in 1994.
The North American currency dropped 0.95% this Thursday. However, in the week, it has gone up 0.78%.
The North American currency ended this Monday at BRL 4.152.
The North American currency, for a period, had surpassed BRL 4.20 this Thursday. The Brazilian Central Bank (BC) sold USD 1.5 billion worth of currency swaps.
The United States currency closed at BRL 4.056 this Wednesday, up 0.46% from Tuesday.
The United States currency gained over 2% this Tuesday in Brazil.
The North American currency rose 0.87% this Wednesday. It’s the highest price since July 5.