By: Mohammed Farouk
Mubasher: The total profits of a group of 144 companies listed on the Boursa Kuwait increased by 11.8% year-on-year during the second quarter of 2019, registering KWD 527.08 million ($1.74 billion).
The banking sector led the Boursa Kuwait in terms of profits in Q2-19, accounting for 57.7% of the profits of listed companies, or KWD 303.89 million.
A group of 10 Boursa Kuwait-listed bank grew by 9.4% year-on-year to KWD 247.74 million ($816.13 million) in the second quarter of 2019.
The National Bank of Kuwait (NBK) topped the market’s companies in terms of achieved profits, recording a growth of 9.9% in profits to KWD 101.36 million compared to KWD 92.27 million in the corresponding period a year earlier.
During the first six months of 2019, the profits of 144 Kuwait-listed firms reached KWD 1.077 billion ($3.54 billion), up 9.8% year-on-year from the year before.
Translated by: Muhammad Abdul Wakeel
