Stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income)

Middle East, North Africa, Afghanistan & Pakistan (excluding high income): Stocks traded, turnover ratio of domestic shares was 12.9% in 2024. ◆ Volatile

Latest (2024)
12.9%
Change on year
down 41.6%
Rank
37th
of 46 groups
All-time high
164.6%
in 2005
All-time low
2.5%
in 1994
Years of data
34
1976–2024

Stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income), 1976–2024

0501001501976200020241976: 9.7 %1977: 5.3 %1978: 9 %1994: 2.5 %1995: 3.2 %1996: 24.2 %1997: 37.1 %1998: 55.2 %1999: 75.1 %2000: 108.7 %2001: 74.4 %2002: 13.8 %2003: 13.7 %2004: 25.4 %2005: 164.6 %2006: 146.2 %2007: 63.3 %2008: 99.8 %2009: 54.3 %2010: 30.9 %2011: 17.6 %2012: 16.2 %2013: 13.1 %2014: 20.5 %2015: 13.7 %2016: 18.1 %2017: 12.9 %2018: 17.6 %2019: 20.3 %2020: 17.6 %2021: 16.9 %2022: 14.8 %2023: 22.1 %2024: 12.9 %

Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in %.

Analysis

In 2024, stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income) stood at 12.9%.

Compared with earlier readings it is down 41.6% on the previous year and down 36.9% over ten years.

Over the whole period, stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income) peaked at 164.6% in 2005 and was at its lowest, 2.5%, in 1994.

That places Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 37th out of 46 groups with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income), year by year

Annual values for Stocks traded, turnover ratio of domestic shares (%) in Middle East, North Africa, Afghanistan & Pakistan (excluding high income), 1976 to 2024.
Year % Change
1976 9.7%
1977 5.3% -45.3%
1978 9.0% +69.5%
1994 2.5% -71.8%
1995 3.2% +26.6%
1996 24.2% +656.4%
1997 37.1% +53.1%
1998 55.2% +48.8%
1999 75.1% +35.9%
2000 108.7% +44.9%
2001 74.4% -31.5%
2002 13.8% -81.4%
2003 13.7% -0.7%
2004 25.4% +84.9%
2005 164.6% +547.5%
2006 146.2% -11.2%
2007 63.3% -56.7%
2008 99.8% +57.8%
2009 54.3% -45.6%
2010 30.9% -43.1%
2011 17.6% -42.9%
2012 16.2% -8.2%
2013 13.1% -19.0%
2014 20.5% +56.2%
2015 13.7% -32.9%
2016 18.1% +31.6%
2017 12.9% -28.6%
2018 17.6% +36.7%
2019 20.3% +15.0%
2020 17.6% -13.1%
2021 16.9% -4.1%
2022 14.8% -12.1%
2023 22.1% +48.9%
2024 12.9% -41.6%

Biggest year-on-year movements

Years where Stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1996 +656.4% 3.2% 24.2%
2005 +547.5% 25.4% 164.6%

Averages by decade

DecadeAverage LowestHighest Years
1970s 8.0% 5.3% 9.7% 3
1990s 32.9% 2.5% 75.1% 6
2000s 76.4% 13.7% 164.6% 10
2010s 18.1% 12.9% 30.9% 10
2020s 16.9% 12.9% 22.1% 5

Countries ranked near Middle East, North Africa, Afghanistan & Pakistan (excluding high income)

  1. 34 Belgium 28.3% compare
  2. 35 Mexico 26.2% compare
  3. 36 South Africa 25.8% compare
  4. 37 Austria 25.0% compare
  5. 38 Indonesia 18.5% compare
  6. 39 Hungary 17.8% compare
  7. 40 Saudi Arabia 17.4% compare

See the full ranking of 144 places →

More financial sector data for Middle East, North Africa, Afghanistan & Pakistan (excluding high income)

All data for Middle East, North Africa, Afghanistan & Pakistan (excluding high income) →

Frequently asked questions

What is stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income)?
Stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income) was 12.9% in 2024, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
What is the highest stocks traded, turnover ratio of domestic shares recorded in Middle East, North Africa, Afghanistan & Pakistan (excluding high income)?
The highest recorded value was 164.6% in 2005.
What is the lowest stocks traded, turnover ratio of domestic shares recorded in Middle East, North Africa, Afghanistan & Pakistan (excluding high income)?
The lowest recorded value was 2.5% in 1994.
How does Middle East, North Africa, Afghanistan & Pakistan (excluding high income) rank for stocks traded, turnover ratio of domestic shares?
Middle East, North Africa, Afghanistan & Pakistan (excluding high income) ranks 37th out of 46 groups with data for 2024.
Is stocks traded, turnover ratio of domestic shares rising or falling in Middle East, North Africa, Afghanistan & Pakistan (excluding high income)?
Over the last ten years it is down 36.9%. The long-run trend across the full record is volatile.
Where does this Middle East, North Africa, Afghanistan & Pakistan (excluding high income) data come from?
The figures come from World Federation of Exchanges database, World Federation of Exchanges (WFE), published as part of Stocks traded, turnover ratio of domestic shares (%). Statizoid updates them automatically from the source API.

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Stocks traded, turnover ratio of domestic shares in Middle East, North Africa, Afghanistan & Pakistan (excluding high income). Statizoid, drawing on World Federation of Exchanges database, World Federation of Exchanges (WFE). Retrieved 19 September 2026, from https://financial-sector.statizoid.com/stat/stocks-traded-turnover-ratio-of-domestic-shares-percent/middle-east-north-africa-afghanistan-and-pakistan-excluding-high-income/

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About this data

Indicator
Stocks traded, turnover ratio of domestic shares (%)
Unit
%
Source
World Federation of Exchanges database, World Federation of Exchanges (WFE)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
144 places, 4,292 data points, 1975–2024
Last refreshed

Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.