KUWAIT CITY, Nov 2: Liquidity at Boursa Kuwait experienced a significant boost in October, rising 13.9% to reach KD 1.7 billion ($5.1 billion), compared to KD 1.5 billion ($4.5 billion) in September, according to a report by Al-Shall Consulting Company released on Saturday. The report highlighted positive performance in October, noting increases in daily trading value and liquidity, alongside gains in most price indices. The main market index rose by 3.9%, the main 50 index by 4.3%, and the general market index by 0.3%.

However, the premier market index saw a slight decline of 0.5%. October’s average daily trading value reached KD 74.6 million ($227.5 million), a 4% increase from September’s KD 71.8 million ($218.9 million). Both months demonstrated high trading activity. For the first ten months of the year, total liquidity amounted to KD 11.9 billion ($36.2 billion). The average daily trading value for this period was KD 57.9 million ($176.5 million), marking a 38.4% increase compared to the same period in 2023. The report also noted a concentration of liquidity, with half of the listed companies receiving only 4% of the total liquidity.

Notably, 50 companies received just 1.3% of the liquidity, while one company saw no trading activity at all. In contrast, 12 companies, including four from the first market, with a combined market value of about 2.9% of the total listed companies, attracted 19.4% of the stock exchange liquidity. This trend indicates that large liquidity activity continues to bypass about half of the listed companies, favoring those with smaller market values. (KUNA)