Kuwaitis bought shares of 2.8 billion dinars in 9 months

Kuwaitis bought shares of 2.8 billion dinars in 9 months
Kuwaitis bought shares of 2.8 billion dinars in 9 months
Al-Shall Economic Report indicated that individuals are still the largest dealers in the Kuwaiti Stock Exchange, as they accounted for 44.5% of the total value of shares sold (44.9% in the first nine months of 2019) and 43.4% of the total value of shares purchased (41% in the nine months. First 2019). Individual investors sold shares worth 2.913 billion dinars, and bought shares worth 2.841 billion dinars, bringing their net trading sales of about 71.899 million dinars, according to the Kuwaiti clearing company.

According to the report, the second largest contributor to market liquidity is the institutional and corporate sector, as it acquired 26% of the total value of shares purchased (30.4% for the same period in 2019) and 24.4% of the total value of shares sold (21.7% for the same period 2019). This sector shares worth 1.702 billion dinars, while it sold shares worth 1.595 billion dinars, making its net trading the most buying and about 106.792 million dinars. As for the third shareholder, it is the customer accounts sector (portfolios), as it acquired 25.6% of the total value of shares purchased (22.3% for the same period in 2019) and 24.7% of the total value of shares sold (26.2% for the same period 2019). With a value of 1.675 billion dinars, while he sold shares worth 1.615 billion dinars, making his net trading transactions worth 60.053 million dinars.

And the last contributor to liquidity is the investment funds sector, as it acquired 6.4% of the total value of shares sold (7.2% for the same period in 2019) and 5% of the total value of shares purchased (6.3% for the same period 2019), and this sector sold shares worth 420.003 million dinars. While he bought shares worth 325.05 million dinars, making his net trading the most selling, with about 94.947 million dinars.

The report said that one of the characteristics of the Kuwait Stock Exchange is that it continues to be a local bourse. Kuwaiti investors were the largest dealers in it, as they sold shares worth 5.354 billion dinars, thus acquiring 81.8% of the total value of shares sold (84.5% for the same period in 2019), while they bought shares at a value of 5.303. Billions of dinars, thus controlling 81% of the total value of the shares purchased (76.7% for the same period in 2019), bringing their best-selling net transactions to about 51.53 million dinars.

The report stated that the percentage of other investors’ share of the total value of the shares sold amounted to about 14.6% (10.5% for the same period 2019), and they sold the value of 954.994 million dinars, while the value of their purchased shares amounted to about 941.045 million dinars, or 14.4% of the total value of the shares purchased. (18.7% for the same period in 2019), so that their net sales were about 13.95 million dinars, meaning that the confidence of the foreign investor decreased in the Kuwait Stock Exchange.

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