Boursa Kuwait's indices soared in September demonstrating substantial confidence

08/10/2025 04:35 AST

Trades at Boursa Kuwait in September were marked with selective buying by Kuwaiti individuals and financial portfolios and swaps of positions on the listed stocks particularly those of the banks and leading operating companies.

These factors stimulated unprecedented rise of the benchmarks, mirroring substantial confidence in the market. Moreover, the selective purchases contributed to the main chips' bullish trend.Daily liquidity, last month, grew due to the targeting of less than 100-fils chips in the realty sector and financial services, another factor that signaled the significant confidence in the local stock exchange.

Moreover, there was noticeable appetite on part of the Gulf investment portfolios that invested foreign funds in banks' stocks and others of prices less than 100 fils, the lowest compared to other shares listed in the Gulf bourse-generally targeted by small traders.Two financial analysts, interviewed by KUNA, forecast continuation of the bourse positive performance, considering comeback of some traders from the summer vacation to rotate their positions on some chips and benefit from the decision to activate extending the trades-thus providing boost to the local, Gulf and foreign investors, in addition to giving a new stimulant to lure more liquidity.

Suleiman Al-Wugayyan, board member of Sorouh Holding Company, said the bourse operations in September witnessed selective purchases on operating shares, amid profit generating activities and correction of some stocks' prices. Despite the divergence, position swaps and rapid speculations that targeted some chips, the market performance remained positive due to well calculated moves by some individuals and portfolio managers, Al-Waugayyan said.

Recent geopolitical events in the region affected the Gulf stock markets, but Bourse Kuwait coped well with their repercussions, absorbing the decline of some indices that quickly rebounded upwards, he said. He added that the decision to extend trades for half an hour as of October 12 impacted positively on the traders' psyche, and that in turn would contribute tangibly to improving the market trades.

He lauded international establishments and corporations' trend to shift to the Kuwaiti bourse, alluding for example to the American BlackRock company, lured to the second most active stock market in the region due to the Kuwaiti companies and banks' high solvency. He predicted persistence of the bullish atmosphere amid forecast revelation of good results by the leading companies, namely the banks' chips due to publicize their statements in the third quarter of the year, to be followed by the operating companies.

Fozi Al-Dhafiri, the deputy chairperson of the research and investment division at Kuwait Investment Company, said all of the market index posted monthly gains where the All Share Price Return Index rose by 3.5 percent, while the Premier Market Index climbed by 3.1 percent and Main Market Index, 5.2 percent.These gains were motivated by most of the sectors, particularly the heavy ones such as the banks, financial services and realty, Al-Dhafiri said, adding that the September gains coincided with rise of the volume and value of the trades compared to the previous month, where the deals rose by more than 13 percent on monthly basis.

He added that the transactions value in September grew by more than 15 percent in contrast to August.Elaborating, Al-Dhafiri said the decree-into-law regarding financing and liquidity and interest rate cut contributed to motivating the stock market, adding that the companies results would improve if the interest trimming approach persists.Performance at the bourse in October would "be more calm," compared to September and would tend toward horizontal movement. Moreover, trades' forecast of the companies' results in the third quarter would overshadow their decisions in building their investment positions.

KUNA