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Boursa Kuwait heading to end the year with significant gains

Boursa Kuwait

Boursa Kuwait ends 2021, with significant gains for all indicators, according to Al-Qabas.

The newspaper said the gains of Boursa Kuwait reflect the market’s full recovery from the pandemic.

The market value of the Boursa Kuwait jumped this year by 27.3% to reach 41.9 billion Kuwaiti dinars ($138.44 billion) at the conclusion of Wednesday’s trading. This is compared to 32.9 billion dinars ($108.71 billion) at the end of 2020, the newspaper says.

The gains of the premier market index, which includes 20 companies, amounted to 26.4%, compared to losses of 13.2% last year, while the main market index, which includes 153 companies, jumped by 28.7%, compared to losses of 7% in 2020.

Boursa Kuwait

The gains of the general market index amounted to about 27% in 2021, compared to losses of 11.7% last year.

The average liquidity traded during the current year rose to 55.7 million dinars ($184 million). This is compared to 44.3 million dollars (146.37 million) in the year the past.

Boursa Kuwait witnessed several revisions on global indices this year. It witnessed two revisions on the MSCI and FTSE indices last August, and they were activated in September.

The market witnessed another review last May, during which it attracted about 79 million dinars ($261 million) that entered the market during the closing session.

The Capital Markets Authority and the Boursa Kuwait are currently working on fulfilling the upgrade requirements on the FTSE index of advanced emerging markets, in light of the changes that have occurred in the stock market, which is expected to attract more foreign cash flows.

Personal loans

In a related context, personal loans in Kuwait rose to their highest level in 6 years, in light of the increase in the balances of personal credit facilities.

A report by the Kuwait Finance House (KFH) said that the volume of personal loans approached 18.9 billion Kuwaiti dinars ($62.3 billion).

The report stated that the balances of personal credit facilities rose on an annual basis by about 1.7 billion dinars ($5.6 billion), and by 10.5% in October.

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