6.5 billion dinars, the size of the stock market’s liquidity in 9 months


The “Al Shall” economic report said that the performance of last September was positive compared to the performance of August. The traded value, ie the liquidity of the stock exchange with a positive performance of the indices, rose by 2.8%, the main market index 2.8%, and the general market index also rose by 2.9%. The main market index 50 is about 3.3%.

The report added that the stock market’s liquidity in September increased compared to August’s liquidity, with liquidity reaching about 1.076 billion dinars, up from the level of 690.8 million dinars in August’s liquidity. The average daily trading value for the month of September rose to about 51.2 million dinars, 41% higher than the average value of that value for August, when it reached 36.4 million dinars. The volume of stock market liquidity in the first nine months of this year (i.e. in 178 working days) was about 6.51 billion dinars, and the average daily trading value for the period was about 36.6 million dinars, up by 11% compared to the average daily trading value for the same period of 2019 of about 33 One million dinars, which is also up by 15.2%, when compared to the level of that average for the whole of 2019, which is about 31.8 million dinars.

According to the report, liquidity trends since the beginning of the year still indicate that half of the listed companies only got 0.8% of that liquidity, including 50 companies that received only 0.1% of that liquidity, and 7 companies without any trading. As for small liquid companies, 12 companies with a market value of 3.8% of the listed companies’ value received about 8.5% of the stock market’s liquidity, which means that the large liquidity activity is still depriving about half of the listed companies from it, and on the contrary, it tends to companies with a small market value. And if that bias diminished. As for the distribution of liquidity on the two markets during the month of September 2020, it was as follows:

– The first market (20 companies): it received about 756.2 million dinars, or 70.3% of the liquidity of the stock exchange, and within it about half of its companies received 86.8% of its liquidity and about 61% of the entire liquidity of the stock exchange, while the other half received the remainder, or about 13.2 % Of its liquidity. The rate of liquidity concentration reached a high level, as 8 companies within it received about 78.7% of its liquidity.

– The main market (153 companies): it received about 318.5 million dinars, or about 29.6% of the liquidity of the stock exchange, and within it 20% of its companies received 86.2% of its liquidity, while 80% of its companies were satisfied with about 13.8% of its liquidity. The weak liquidity of his companies was the main factor in their classification within the main market, which is an upgradeable rating with the high liquidity of any company within it.

On the other hand, the report indicated that the performance of the Kuwait Stock Exchange during the past week (3 working days) was less active, as the value of traded index, the volume traded and the number of concluded deals decreased, as well as the decrease in the value of the general index (Shall index). The reading of the Shall Index (value indicator) at the end of trading on Tuesday reached about 479.2 points, down 15.9 points, or 3.2%, from last week’s close, and remained down by 74 points, equivalent to 13.4%, from the close of the end of 2019.


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