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Boursa Kuwait’s Premier index adds 68 pts in month

Boursa Kuwait’s Premier index adds 68 pts in month
Boursa Kuwait’s liquidity totalled KWD 440.35 million in May

By: Mohamed Farouk 

Mubasher: The Kuwaiti indices closed May 2020 on a mixed note amid thin traded when compared to April as the official business days were reduced to 18 due to Eid Al Fitr holiday.

Month-on-month (MoM), the Premier Market Index levelled up by 1.27% or 68.08 points during May to reach 5,424.33 points from 5,356.25 points.

In contrast, the Main Market Index slid by 1.8% or 76.08 points MoM, standing at 4,150.36 points when compared to 4,226.44 points by the end of April.

Similarly, the BK 50 Index settled lower by 3.63% or 151.86 points, reaching 4,035.41 points from 4,187.27 points.

The All-Share Market Index inched up by 0.41% or 20.22 points at 4,995.61 points from 4,975.39 points last month.

Low trade on all levels

In May, the trading volume of Boursa Kuwait shrank by 32.9% to stand at 2.13 billion shares, compared with 3.17 billion a month earlier.

Meanwhile, liquidity amounted to KWD 440.35 million, 41.1% less than the KWD 747.37 million traded volume of April.

The number of concluded transactions posted a 36.3% monthly drop to 111,890 from 175,590.

Market cap value edges up 0.39% MoM

By the end of May, Boursa Kuwait’s market cap value totalled KWD 28.46 billion ($92.52 billion), compared to KWD 28.35 billion ($92.16 billion) a month ago.

Monthly gains amounted to KWD 110 million ($357.58 million), up by 0.39%.

Year-to-date (YTD), the Kuwaiti stock exchange suffered KWD 7.18 billion worth of losses, down by 20.14% from KWD 35.64 billion by the end of 2019.