GulfBase GCC Cap Indices
Large Cap3,991 -0.08
Med Cap3,831 -0.01
Small Cap4,863 -0.26
Micro Cap8,466 0.09

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Ticker Price Volume
GFH 0.49 1,642,170
QNBK 133.5 133,285
AMLAK 1.07 4,593,610
DSI 0.37 10,758,890
SABIC 97.69 2,746,187
BKMB 0.37 624,000
AIRARABIA 1.13 3,611,365

Economic Brief - Real Estate Activity

Source: NBK Capital

Real estate sales slip in August, but gradual recovery still on track

Sales overview

In its latest economic brief on the monthly statistics of registered real estate contracts issued by the Ministry of Justice (MoJ), excluding sales conducted through agents, National Bank of Kuwait reports that real estate activity weakened in August, but the broader picture remains one of gradual recovery from the very low levels of sales seen for much of last year. The combined number of sales transactions in the residential, investment (i.e. apartment) and commercial sectors was 374 in August, down 9.9% from July. In year-on-year terms, however, sales rose by 12.7% - their first rise in 18 months – thanks largely to very weak sales in August 2008.

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