By: Mohamad Farouk
Mubasher: Many factors will boost the economy in Kuwait during the coming period; this will positively influence the performance of Boursa Kuwait in 2018, capital market analyst Ahmad Al Mutairi told Mubasher.
One of the main factors impacting Boursa Kuwait is the current continuous increase in oil prices which have exceeded $70 per barrel (pb), the analyst added.
In addition, listing Boursa Kuwait among the emerging markets in the FTSE Index impacted the stock exchanged positively by the end of 2018 in line with a gradual growth in liquidity, Al Mutairi said.
The income statements of the listed companies are expected to register improvement in the fourth quarter of 2017, and therefore, financials of fiscal year 2017 are forecast to be positive, the analyst noted.
In January 2018, Boursa Kuwait registered a gain of about KWD 1 billion ($3.34 billion) in market cap to total KWD 28.22 billion when compared to KWD 27.24 billion by the end of 2017.
