By: Mohamed Farouk

Mubasher: All Kuwaiti indices declined during August 2019’s trading sessions, as the All-Share Market retreated by 2.87% at 5,941.13-point level, losing 175.53 points from 6,116.66 points in July 2019.

In the meantime, the Premier Market index dropped by 3.21% at 6,527.81, losing 216.27 points from 6,744.08 points in July.

The Main Market fell by 1.89% at 4,789.35 points in August, losing 92.26 points from 4,881.61 points.

As regards the indices’ performance during 2019, the All-Share and Premier markets soared by 17% and 24%, with an earning exceeding 860 points and 1,260 points, respectively.

Boursa Kuwait’s performance during Eid Al Adha holiday

Meanwhile, Boursa Kuwait’s trading volume plunged by 44.8% to 2.59 billion shares, as the trading activity has been suspended for five days on the occasion of Eid Al Adha holiday.

Monthly liquidity slumped by 49.9% to KWD 490.27 million from KWD 978.96 million.

The number of transactions fell by 39.8% during the month to around 108,490 from about 180,290.

Boursa Kuwait loses KWD 1bn in August 2019

Subsequent to the Kuwaiti indices’ decline, Boursa Kuwait suffered market cap losses worth of KWD 1.02 billion ($1 billion), hence, reaching KWD 34.38 billion by the end of the month, 2.9% lower than KWD 35.4 billion in July.

from the beginning of 2019 till the end of August, Boursa Kuwait posted 18.5% higher earnings exceeding KWD 5.3 billion, as the market cap value reached KWD 29.01 billion in 2018.

Translated by: Amal A. Wahaab