According to a recent classification by “CEO World” magazine, the Abu Dhabi Stock Exchange and Dubai Financial Market are set to become some of the largest stock exchanges in the world in terms of market capitalization by 2024. 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.
In terms of global rankings, the New York Stock Exchange leads with a market value exceeding $28.42 trillion, followed closely behind by the Nasdaq Stock Exchange with $25.43 trillion. Euronext, the Japan Stock Exchange Group, and the Shanghai Stock Exchange round out the top five. Together, these three exchanges account for 51.6% of global market capitalization.
The Saudi market ranks 11th globally with a market value of $2.93 trillion, preceded by other major stock exchanges such as Mumbai Stock Exchange, Shenzhen Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange and Toronto Stock Exchange.
It is important to note that there are other factors that can affect the ranking of stock exchanges such as trading volumes and liquidity which are not mentioned here but should be taken into consideration when analyzing their performance.
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