By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait registered a mixed performance in September; the price index declined by 3.08% or more than 212 points, while both the weighted and Kuwait-15 indices slightly rose by 0.03% and 1.27%, respectively.
Boursa Kuwait’s turnover soared by 33% to total KWD 426.24 million in September, with the trading volume increasing by 19.7% to reach 1.73 billion traded shares.
During the first nine months of 2017, the indices recorded a leap as the price index surged by 16.2%, the weighted index gained 13.3%, and the Kuwait-15 index rose 12.7%.
The liquidity amounted to KWD 4.72 billion in September, after 44.82 billion shares were exchanged through around 982,910 transactions.
The negative performance seen in September impacted the gains registered in the previous two months, with some of the funds and portfolios entering Boursa Kuwait in the recent period after they have lost chances in the Qatari stock market, which has been suffering a decline due to the regional rift, capital market analyst Ibrahim Al Filkawy told Mubasher.
He clarified that such portfolios and funds were affected by the negative performance of the market; however, new investment opportunities can be found in operating and leading stocks, of which number have increased by 20% to 25%.
