STOCK EXCHANGE ATTRACTED 11.4 BILLION DINARS IN LIQUIDITY IN 9 MONTHS

  • 29/09/2022

Kuwait City: The Kuwait Stock Exchange ended the trading of the first nine months of this year, which was closed at the end of yesterday's session, due to the disruption of the market today to hold the National Assembly elections, and this is to achieve many gains , foremost of which is the increase in the market value by 9.6%, adding 4 billion dinars, gains since the beginning of the year until yesterday, the total value reached 45.4 billion dinars, up from 41.4 billion dinars at the end of last year.The increase in the capital of Kuwait Finance House “KFH” with the new shares of Ahli United Bahrain shareholders on September 27, according to the announced timetable of the acquisition, contributed to increasing the market value of the stock exchange to 45.4 billion dinars, following The increase in the market value of “KFH” to 11.2 billion dinars by acquiring Ahli United - Bahrain, and thus the market value of “KFH” constitutes 24.6% of the total capital value of Boursa Kuwait.


Among the achieved gains, the stock exchange received cash flows that amounted to 11.4 billion dinars, an increase of 22% compared to the same period last year, as the value of trading in the first 9 months of 2021 amounted to about 9.3 billion dinars, which indicates the continued upward movement of the liquidity curve, as it was during the first nine months of 2020, about 6.4 billion dinars.

At the level of indicators, the performance varied due to several positive and negative factors that led to this discrepancy, as the Premier Market Index rose by 4.1% by the end of the first nine months of 2022, to reach 7,949 points from 7,639 points at the beginning of the year.

While the main market index declined by a large percentage of 9.3% due to large selling operations, especially in the recent period, the index fell 548 points to reach 5,338 points from 5,886 points at the beginning of the year. As a result, the general market index rose by only 0.8%, adding 62 points to reach 7,105. Score from 7,043 points at the start of 2022.

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