Boursa Kuwait records net profit rise, as trading volumes grow  

Boursa Kuwait, has reported a 59.81% year-on-year rise in net profit for the first nine months of the year. 

Boursa Kuwait, which operates the Kuwait Stock Exchange, reported $75 million (23.05 million Kuwaiti dinars) in net profit from January through the end of September, compared to $46.94 (14.43 million Kuwaiti dinars) from a prior-year period. 

Operating revenues rose 41.45% year-on-year to $120.5 million (37.06 million Kuwaiti dinars) between Q1-Q3, up from $85.2 million (26.20 million Kuwaiti dinars). 

Total traded value climbed 89.73% to 19.35 billion Kuwaiti dinars in the period ending September 30. Traded volume mirrored the surge, increasing 92.17% to reach 84.23 billion shares. Average daily traded value also rose 91.82%.  

Market capitalization reached 52.61 billion Kuwaiti dinars in the nine months through September, up 24.67% from 42.20 billion Kuwaiti dinars.  

Mohammed Saud Al-Osaimi, Boursa Kuwait CEO, said that the results of the Kuwaiti capital market reflect the tangible impact of the operational and regulatory reforms implemented by Boursa Kuwait and the broader market apparatus. 

Earnings per share surged from 71.85 fils to 114.82 fils during the first nine months of the year. The group’s total assets stood at 132.96 million Kuwaiti dinars as of September 30, up 11.74% compared to 118.99 million Kuwaiti dinar in 2024.

“Boursa Kuwait continues to play a pivotal role in the transformation of Kuwait’s capital market and the development of an integrated financial ecosystem,” said Bader Nasser Al-Kharafi, chairman of Boursa Kuwait. 

“By continuously advancing market infrastructure, enhancing efficiency and transparency, and aligning with international best practices, the company aims to foster an attractive investment environment.”

Boursa Kuwait’s premier market segment recorded a 49.82% year-on-year rise in traded value and 44.61% growth in traded volume. Firms are required to have a free float amount of 45 million Kuwaiti dinars, a seven-year operating history, and a round lot of 450 shareholders with a share value of 10,000 Kuwaiti dinars each to list on the premier segment.

Traded value in the main market surged by 191.32%, accompanied by a 136.38% rise in traded volume.

Boursa Kuwait has eased its listing requirements for the main market segment, decreasing the minimum fair value of freely traded shares not owned by the controlling shareholder group from 15 million to 5 million Kuwaiti dinars. Free-float shares must, however, represent at least 20% of total capital.

A consortium of Kuwaiti investment companies and a global exchange operator acquired 44% in Boursa Kuwait in February 2019. Capital Markets Authority offered its 50% stake in the bourse to Kuwaiti citizens in December 2019.