Abstract
Abstract Stock markets became very essential subject in Arab countries. It has a vital role in aggregating and channeling national saving and directing them to Arab investment channels. These markets represent an area of accumulating capital as they are able to validate capitals on one hand, and for their strong and important relation with the market economies on the other. In addition to the emergence of exchange rate valuation and interest rate prices on the international level. They often lead to the removing of the barriers of capital flow in the form of various credit and saving instruments as well as to the foreign currency. The development of financial markets has almost followed specially the economic growth and the consuming expenditure and investment expenditure. The emergence of institutions played a role in employing the savings in the economic and productive areas. They are however the connection between individuals and various institutions which save on the one hand and the productive projects in the economy on the other. .
