The Abu Dhabi Stock Exchange and Dubai Financial Market are set to become some of the largest stock exchanges in the world by 2024, according to a recent classification by “CEO World” magazine. The Abu Dhabi Securities Market is ranked 21st globally with a market value of $797 billion, while the Dubai Financial Market holds the 34th spot with a market value of $189 billion.
The New York Stock Exchange leads the global rankings with a market value exceeding $28.42 trillion, followed by the Nasdaq Stock Exchange in second place with $25.43 trillion. Euronext, the Japan Stock Exchange Group, and the Shanghai Stock Exchange follow closely behind. Together, the NYSE and Nasdaq represent 42.4% of the global market capitalization.
In terms of market capitalization in the Arab world, Saudi Arabia ranks 11th globally with a market value of $2.93 trillion. This ranking is preceded by markets in Mumbai, Shenzhen, Hong Kong, London, and Toronto.
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