By: Mohammad Farouk
Mubasher: The Boursa Kuwait’s indices saw varied performance during the first nine months of the fiscal year 2019, amid a plethora of economic and political developments, globally and regionally.
The All-Share Market index surged 11.8% to 5,678.7 points from January to September, while the Premier Market index soared 17.2% to 6,174.78 points.
On the other hand, the Main Market index declined by 0.52% to 4,713.82 points.
Trading volume grew by 20.7% year-on-year to 18.66 billion shares in the nine-month period ended September, while liquidity rose by 30.1% year-on-year to KWD 3.85 billion.
Market capitalisation went up to KWD 32.86 billion in the January-September period, compared to KWD 29.01 billion in the year-ago period.
The Third Quarter
During the third quarter of 2019, the three indices of Boursa Kuwait declined, while market capitalisation lost KWD 800 million.
The All-Share Market index decreased by 153 points, or 2.63%, to reach 5,678.7 points, while the Premier Market index shed 202.2 points, or 3.17%, to 6,174.78 points. The Main Market index sank 52.7 points, or 1.11%, to 4,713.82 points.
Market capitalisation shrank to KWD 32.86 billion in Q3-19, from KWD 33.66 billion the year before.
Boursa Kuwait in September
The All-Share Market, Main Market, and Premier Market indices lost 4.42%, 1.58%, and 5.41%, respectively, during the ninth month of 2019, while market capitalisation decreased by KWD 1.52 billion month-on-month.
Translated by: Muhammad Abdul-Wakeel
