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Regional markets plummet $32bn in 20 days

Official figures have revealed that the capitalization of Arab stock markets dipped by nearly $32bn in the first 20 days of August to maintain a downward trend caused by the global fiscal turmoil and political unrest sweeping the region, Emirates24/7 has reported. The figures by the Abu Dhabi-based Arab Monetary Fund (AMF) have added Saudi Arabia's Tadawul, the largest and busiest bourse in the Middle East, as well as Kuwait, Qatar and Egypt, witnessed most of the drop. From around $913.3bn at the end of July, the combined market capitalization of the Arab world's 15 official stock exchanges dipped to about $881bn, a decline of $32.3bn in 20 days, an average $2.1bn per working day.