By Staff Reporter
GCC Financial Markets Hit $4.2 Trillion in Total Capitalisation: GCC-Stat
Gulf Cooperation Council (GCC) financial markets posted a modest gain of 0.7% in their composite index for 2024, reflecting cautious resilience amid broader economic shifts across the region.
According to the latest data from the GCC Statistical Centre (GCC-Stat), total market capitalisation stood at approximately $4.2 trillion by the end of 2024. This figure represents around 3.5% of total global market capitalisation, highlighting the region’s continuing presence on the global financial stage.
Despite the slight index growth, total capitalisation declined by 4.4% compared to 2023. Analysts attribute the dip to fluctuating oil prices, global economic uncertainty, and sector-specific pressures within individual member states.
The composite index is designed to track the collective performance of financial markets across the six GCC countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE—offering a snapshot of regional economic health.
While the year closed on a subdued note in terms of capitalisation, the marginal rise in the composite index signals underlying investor confidence and market adaptability in navigating regional and global headwinds.
News Source: Emirates News Agency
